- Bullish NEAR price prediction ranges from $12.945 to $21.215.
- The NEAR price might also reach $25 soon.
- NEAR bearish market price prediction for 2022 is $1.744.
In NEAR Protocol (NEAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about NEAR to analyze the future movement of the cryptocurrency.
NEAR Current Market Status
According to CoinGecko, the NEAR price is trading at $15.35 with a 24-hour trading volume of $994,668,147, at the time of writing. However, NEAR has decreased by 8.4% in the last 24 hours.
In addition, NEAR has a circulating supply of 666,163,179 NEAR. Currently, NEAR trades in cryptocurrency exchanges such as Binance, OKEx, CoinTiger, Huobi Global, and KuCoin.
What is NEAR Protocol (NEAR)?
The NEAR protocol is a decentralized application platform designed for the use of Internet applications. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which is designed to provide scalability and stable rates. Its native token is NEAR.
NEAR Protocol (NEAR) Price Prediction 2022
NEAR holds the 18th position on CoinGecko right now. NEAR price prediction 2022 is explained below with a daily time frame.
A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
In the daily time frame chart, if the price of the NEAR breaks the resistance level of $20.923, it will reach the target of $51.048. Or else, the price of the NEAR breakout will fall to the support level at $6.215.
NEAR Support and Resistance Level
The below chart shows the support and resistance level of NEAR.
From the above daily time frame, it is clear the following are the resistance and support levels of NEAR.
| Resistance Level 1 | $12.945 |
| Resistance Level 2 | $21.215 |
| Support Level 1 | $7.587 |
| Support Level 2 | $4.297 |
| Support Level 3 | $2.683 |
| Support Level 4 | $1.744 |
The charts show that NEAR has performed a bullish trend over the past month. If this trend continues, NEAR might run along with the bulls overtaking its resistance level at $21.215.
Conversely, if the investors turn against the crypto, the price of NEAR might plummet to almost $1.744, a bearish signal.
NEAR Protocol Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of NEAR is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of NEAR lies below the cutoff line, indicating weaker participants in the current trend.
More so, NEAR’s Moving Average (MA) is shown in the chart above. Currently, NEAR is in a bullish state. Notably, the NEAR price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of NEAR at any time.
Meanwhile, the relative strength index (RSI) of the NEAR is at level 63.36. This means that NEAR is in a nearly overbought state. However, this means a major price reversal of LUNA may occur in the upcoming days.
NEAR Protocol Price Prediction 2022 — ADX, RVI
Let us now look at NEAR Protocol’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System. This system attempts to measure the strength of price movement in the upward and downward directions using DMI indicators with ADX.
The above chart represents the ADX of the NEAR Protocol. Currently, NEAR lies in the range of 45.230, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of NEAR. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of NEAR is above the 50 levels, indicating that the direction of volatility is high. In fact, NEAR’s RSI is at the 63.36 level thus confirming a potential buy signal.
Comparison of NEAR with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and NEAR Protocol.
From the above chart, we can identify the trend the ETH and BTC are moving in a downward trend. But, the recent trend of NEAR moves in an upward direction.
Conclusion
With continuous improvements in the NEAR Protocol network, we can say that 2022 is a good year for NEAR. For this reason, the bullish price prediction of the NEAR Protocol in 2022 is $21.215. On the other hand, the bearish NEAR price prediction for 2022 is $1.744.
Furthermore, with the advancements and upgrades to the NEAR ecosystem, the performance of NEAR would rise reaching its All-time high (ATH) of $20.44 very soon. But, it might also reach $25 if the investors believe that NEAR is a good investment in 2022.
FAQ
Near Protocol is software that promotes the network of computers running a platform for developers to create and launch decentralized applications.
NEAR has listed on many crypto exchanges which include Binance, OKX, DigiFinex, Bybit, and BTCEX.
With the ongoing developments and upgrades within the NEAR platform, it has a high possibility of reaching its ATH soon.
On Jan 16, 2022, NEAR reached its new all-time high (ATH) of $20.44.
NEAR Protocol seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of NEAR in the past few months, NEAR is considered a good investment in 2022.
NEAR Protocol (NEAR) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues the NEAR Protocol (NEAR) will hit $25 soon.
NEAR Protocol (NEAR) price is expected to reach $32 by 2023.
NEAR Protocol (NEAR) price is expected to reach $40 by 2024.
NEAR Protocol (NEAR) price is expected to reach $48 by 2025.
NEAR Protocol (NEAR) price is expected to reach $55 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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