Current NEAR Protocol (NEAR) Market Data:

• Price: $4.77

• Market Cap: $5.3 billion

• Price Change (24h): -$0.59 (-11.01%)

• Market Cap Change (24h): -10.65%

• All-Time High (ATH): $20.44 (January 16, 2022)

• All-Time Low (ATL): $0.53 (November 4, 2020)

• Circulating Supply: 1,107,181,322 NEAR

• Total Supply: 1,183,246,170 NEAR

• Total Volume (24h): $728.17 million

NEAR has experienced a significant 11.01% drop in the last 24 hours, reflecting bearish sentiment across the market. Its current price is down 76.38% from its all-time high. The 24-hour trading volume remains high, indicating considerable market activity .

Technical Indicators:

1. Support & Resistance:

• Support Level: $4.50

• Resistance Level: $5.50

2. Key Indicators:

• RSI (Relative Strength Index): Nearing oversold levels (around 30), suggesting a potential reversal.

• MACD (Moving Average Convergence Divergence): Bearish divergence, indicating continued selling pressure .

3. Price Pattern:

• A potential double bottom could form near $4.50, indicating a reversal if supported by increased buying .

News Sentiment (Investing, Bloomberg, Reuters, Reddit):

Recent discussions on Reddit and other platforms suggest increased interest in NEAR due to its development partnerships and strong fundamentals. However, the negative price action has caused short-term bearish sentiment. Analysts on Bloomberg and Investing note that the entire market downturn is affecting NEAR’s performance, but they highlight long-term potential due to ongoing ecosystem growth .

Stocknai Analysis:

The Stocknai algorithm predicts a potential recovery from the $4.50 level, where significant support exists. This prediction is contingent on market conditions stabilizing, with a possible upside to $5.50 if sentiment improves. Given the RSI nearing oversold levels, a bounce from the support zone could present a good buying opportunity .

Recommendation (1D Timeframe):

• Buy Zone: Around $4.50, with potential for a bounce toward $5.50 if RSI and MACD confirm bullish signals.

• Stop-Loss: Set below $4.30 to limit downside risk.

• Take-Profit Target: $5.50, with a trailing stop to secure gains if the price reverses.

This recommendation is based on technical analysis and sentiment indicators, favoring a short-term rebound from the current bearish trend.