NearProtocol

As of December 22, 2024, NEAR Protocol ($NEAR ) is trading at approximately $4.96, reflecting a 6.34% decline over the past 24 hours.

Technical Indicators:
Moving Averages (MAs): The 50-day and 200-day moving averages are trending downward, indicating a bearish trend.

Relative Strength Index (RSI): The RSI is within the neutral range of 30-70, suggesting neither overbought nor oversold conditions.

Oscillators: Technical indicators such as the MACD and Stochastic Oscillator are currently neutral, providing no clear buy or sell signals.

Support and Resistance Levels:

Support: Immediate support is observed around $4.15 to $4.51, which could serve as a potential entry point for buyers.

Resistance: The 50-day moving average may act as a resistance level in the near term.

Price Predictions:

Short-Term (Next 30 Days): Forecasts suggest a potential increase of approximately 5%, with prices possibly reaching around $3.74.

Mid-Term (2025): Analysts predict that NEAR could attain a price of approximately $8.34 by 2025, indicating potential growth.

Long-Term (2030): Projections estimate that NEAR may reach up to $44 by 2030, reflecting optimism about its future prospects.
#nearprotocol #crypto #BinanceAlphaAlert

Hey crypto enthusiasts! 👀 Let’s talk about *NEAR Protocol*, which is currently in the *spotlight* for all the wrong reasons.

---

*What’s Happening with NEAR?*
- *NEAR's Price Drops*: NEAR has hit a *12-month low* and is forming a *"death cross"* pattern on the charts. This indicates a bearish trend, with the *50-day moving average* crossing below the *200-day moving average*. 😬

- *AI Agent Fund Launch*: Despite the *20M AI Agent Fund* designed to boost *AI projects*, *NEAR's price* continues to slide. The fund is intended to back *innovations in Real World Asset tokenization*, *gaming*, and *AI oracles*. But, it seems like the market *isn't responding positively* just yet. 😕

- *Declining DeFi Ecosystem*: NEAR’s *DeFi Total Value Locked (TVL)* has dropped drastically, going from a high of *393M* last year to just *170M* now. A significant decline that reflects reduced interest and liquidity. 📉

—

*What’s Going on Technically?*
- *Death Cross*: The *death cross* formation is a *bearish signal*. With this pattern, it suggests that *NEAR's price* might face further declines in the coming weeks, as it is now in the midst of *downward momentum*.
- *Key Levels to Watch*: If NEAR falls below the *1.70* level, we might see further *downward movement* toward the next support around *$1.50*. 📉

- *Bearish Indicators*: Other indicators like the *Relative Strength Index (RSI)* and *MACD* are showing *oversold conditions*, suggesting there could still be more downside potential before any significant recovery. ⚠️

---

*Predictions & Analysis* 📊
- *Short-term Bearish Trend*: *NEAR's* price might continue sliding due to the *death cross* and *declining DeFi TVL*. The market sentiment is leaning toward *caution*, with technical indicators suggesting more downside.

- *AI Fund Impact*: The *AI Agent Fund* could potentially provide some *future support*, but it’s not enough to turn things around right now. *Investors will likely wait and see* how the fund starts impacting projects in the next 3-6 months.

- *Potential for Recovery*: *NEAR's long-term potential* remains solid, especially with the focus on *AI*, *gaming*, and *tokenization*. But for now, the price action looks *bearish*, and a recovery may take more time than expected.

---

*Takeaway* 📝
NEAR* is currently facing a rough patch, with a *bearish market* and key indicators pointing towards further declines. The *AI Fund launch* might help in the future, but for now, *NEAR's price* is struggling. If you’re holding *NEAR*, it might be wise to *monitor closely* and possibly consider *reassessing your position* based on how the market evolves in the short term.

Stay cautious and *don’t be afraid to take profits* during market swings! 💰

$NEAR

#NEARProtocol #CryptoAnalysis #CryptoPredictions #BearishMarket #CryptoTrading.

Laser Digital, the digital assets arm of Japanese financial giant Nomura, has launched the Laser Digital NEAR Adoption Fund, aimed at driving institutional adoption of NEAR Protocol. This initiative provides long-term exposure to NEAR ($NEAR ), the blockchain’s native token, with a focus on artificial intelligence (AI) and Web3.
Institutional Staking with TruStake 🔗🔄
The fund leverages TruStake, an institutional-grade staking solution by TruFin, allowing participants to engage in blockchain consensus while earning staking rewards. Jez Mohideen, CEO of Laser Digital, highlighted that the fund combines digital asset investment, AI, and staking, offering a unique long-term exposure to NEAR Protocol.
NEAR at the Forefront of AI & Web3 🤖🌐
NEAR Protocol has positioned itself as a top AI token, focusing on user-owned AI, Chain Abstraction, and sharded blockchain technology. These innovations align with the growing AI and Web3 ecosystem, making NEAR a strong candidate for decentralized AI solutions.
Fund Accessibility & Availability 🏦📈
The NEAR Adoption Fund will be accessible to institutional and professional investors in selected jurisdictions but not in the U.S.. It will be offered in both traditional formats and via wealth management platforms.
This move marks another step toward institutional adoption of blockchain and AI-driven solutions, reinforcing NEAR Protocol’s role in shaping the future of decentralized AI.
🔹 #NEARProtocol #AI #CryptoInvesting #Web3 #Blockchain
$NEAR