NEAR Protocol Price Prediction: 2024, 2025, 2030

NEAR price prediction: Key highlights

1. Primary support and resistance levels

• The weekly chart analysis revealed NEAR's lowest support to be at $1.0. 
• The peak resistance level can likely be at $10.0.

2. Market sentiment

• The market depicts NEAR to be in a slightly bearish state in July 2024.

3. Predictive forecasts

• Our AI and ML algorithms forecast that NEAR's average price could increase to over $12 by 2032 and $30 by 2035.

Get valuable insights on NEAR via an extensive weekly technical analysis, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

NEAR technical analysis: Price recovers amid new hype

NEAR has greatly benefitted from an increased interest in the fusion of artificial intelligence (AI) and cryptocurrency. This dynamism lays the groundwork for an intriguing price prediction for Near Protocol in 2024.

The price chart for NEAR revealed a period of struggle early on. Substantial selling pressure drove the price down to its lowest support level of $1.0 by mid-August. However, mid-October witnessed a concerted effort by the bulls to rally. 
 

This ascension culminated in the price testing $4.4 in late December. A pullback followed the rally. Nevertheless, further declines were curbed at $2.7 in late January. This was indicative of a market correction rather than the inception of another downtrend.

From February, the price resumed its northbound journey along with the broader market. This momentum turned $4.4 into support by March. Furthermore, a significant surge pushed the altcoin to the high resistance at $8.3.
 

Nonetheless, another corrective drop materialized mid-month, pushing the price down to $6.8. April brought more declines as the entire market crashed, taking NEAR down with it. After finding a temporary footing at $4.4, buyers regained momentum mid-month and set forth on another rally, flipping $6.8 by the end of the month.

Another pump in mid-May elevated the asset to retest the peak yearly resistance. AMBCrypto's analysis showed that during this time, NEAR surpassed Cardano (ADA) in Total Value Locked (TVL) and overall activity despite experiencing lower decentralized exchange (DEX) volumes on its network.

However, history repeated itself, driving the price below $6.8 by mid-June. The presence of red candles dragged the asset to $4.4. AMBCrypto reported that NEAR prices saw a subsequent uptick due to increased transactions and address activities. 
 

At press time, the token was valued at $6.0. In a notable development, NEAR marked a significant milestone in real-world assets (RWA) after Valour launched its first exchange-traded product (ETP). This can garner substantial hype for the asset, allowing it to reclaim $6.8. Consequently, this would give bulls the upper hand.

The momentum supports an outlook where reclaiming $8.3 appears within reach and suggests the potential for the altcoin to ascend as high as $10.0 with a more optimistic target of $16.0. Yet, the former might pose a significant challenge to further upside, given its importance as a psychological mark.

Despite the bearish resurgence, past patterns suggest that any declines could be limited to the current support. Nevertheless, a pronounced downturn could cause the price to tumble to $2.7. 
 

The long-term outlook for NEAR appears moderately optimistic, with prediction models forecasting slow but continued growth. By 2032, the token is projected to trade at an average price exceeding $12, with expectations for this figure to increase by 2035, reaching more than $30.

NEAR's 2024 roadmap: Key indicators to watch and trade

• The Bollinger Bands remained contracted until late October. Concurrently, the price remained below the 20-week Moving Average (MA). Price candles broke above the upper band in November, leading to an expansion. This was further amplified by repeated movements above the upper band in December and then again in March, indicating overbought conditions.
• A correction followed, driving the candles below the upper band in April and even below the 20 MA in June. As the analysis ended, the price approached the MA, suggesting a resurgence of buying pressure in the market.
• NEAR's trading volume improved with the price rally in October. Following a decline after January's setback, the volume rose again in February. 
• Yet, it dipped once more from mid-March. Despite a price increase in early Q2 2024, trading volume stayed low, indicating continued investor caution.
• The Directional Movement Index (DMI) showed a predominant bearish trend until Q4 2023, with the -DI positioned atop. In mid-October, the +DI and ADX lines began ascending, with the former moving above the -DI by the end of October and later surpassing it by November.
• The ADX line crossed over the +DI line from January to February and reclaimed this position in mid-March. Following this, both lines continued to drop from Q2 2024 while the -DI rose to overtake the +DI by June.
• As of the latest data, the ADX stood at 28.8558, +DI at 20.7761, and -DI at 22.2725. The proximity between the last two highlighted weakening bearish pressure.