NEAR Protocol is trading at $2.07, dropping 3.71% in the past 24 hours. Trading volume also fell sharply by 22.58%, totaling $127.16 million. Over the past week, NEAR lost 4.75%, showing no clear bullish momentum. Traders are watching closely as it does not gain momentum.
The crypto market remains extremely volatile. Its inability to climb past short-term resistance levels has raised eyebrows. Daily charts reflect strong selling zones, and unless buying pressure intensifies, NEAR could see more sideways action. Market sentiment remains mixed, with no immediate catalysts in sight.
Volume and momentum needed for breakout confirmation
Crypto analyst Jonathan Carter highlights a possible breakout scenario. He points to a descending channel where NEAR is testing its upper resistance. Price action has shown increased buying near that resistance zone. This signals growing investor confidence despite current stagnation.
If NEAR manages a clean breakout, Carter projects targets at $2.70, $3.65, $4.65, and $6.00. These numbers paint a hopeful picture, but confirmation is key. Without strong volume and momentum, this breakout could remain just a chart pattern. Investors should prepare for both outcomes as market pressure builds.
NEAR Protocol Price Forecasts for 2025
DigitalCoinPrice predicts a bullish rise for NEAR by 2025. The forecast suggests a rebound above $4.59 before year-end. Long-term projections aim even higher, with some expecting a return to NEAR’s all-time high of $20.42. Analysts believe renewed adoption and strong fundamentals may drive this surge.
However, Changelly offers a more conservative view. Their 2025 prediction caps NEAR’s price at just $2.51. That’s barely above current levels, with a potential return of 20.1%. Their July 2025 forecast keeps the price between $2.50 and $2.51, signaling minimal movement. These opposing views underline the uncertainty surrounding NEAR’s future.
