NEAR Weekly Price Analysis of March 10-15, 2025: Will Bulls Conquer $2.71 or Face a Sharp Drop?

Is NEAR gearing up for a breakout, or is a sharp decline on the horizon? NEAR has demonstrated strong bullish momentum over the past week, testing important resistance close to $2.72 while holding onto important support levels. Numerous golden and death crosses have indicated changes in market sentiment, and price action has been erratic. Traders are kept alert by RSI swings between overbought and oversold zones, which highlight uncertainty. Will the bulls continue to rise, or will there soon be a correction? Let’s explore the NEAR Price trend.

NEAR Weekly Price Analysis: NEAR Falls To $2.14 Amid Fluctuations

On March 10, NEAR opened the week at $2.63, but it quickly went into a protracted downward trend that caused prices to decline. By 13:30, the price had already begun to decline due to a death cross appearance on the MACD indicator. The price continued to fall as a breakout appeared near the price trend, supported by oversold situations on the RSI indicator between 17:00 UTC and 18:30 UTC. On March 11, as support levels continued to deteriorate, NEAR fell to $2.14 by 00:30. The prices began an upward momentum after an oversold condition and Golden crossover appeared on RSI and MACD simultaneously. This caused a breakout and allowed the near price trend to move higher within the trading zone. Between 13:30 UTC and 21:30 UTC, two death crosses appear, causing the prices to decline. 

Chart 1, analyzed by anushrivarshney2613, published on TradingView

This trend continued till 04:00 UTC on the next day i.e.; March 12. The general bearish sentiment persisted even after a golden cross appeared on the MACD at 07:30 UTC on the same day. The prices continued to struggle without any significant changes on March 13, making it concerning for traders to predict the next move. The price rose to $2.65 by 10:30 UTC, but the uptrend quickly returned the same day. 

NEAR Breaks $2.67 Resistance, Establish New Resistance Level

On March 14, The prices kept fluctuating until a hammer candlestick with multiple oversold conditions appeared on RSI at 03:30 UTC. This breaks the resistance level and enters into a new trading zone with a new resistance level. After about six hours of consolidation around this level, the price was driven to $2.71 as an overbought situation caused an increase in selling pressure on the market. One hour later, a death cross appeared at 10:00 UTC, causing the prices to fall and fluctuate again. NEAR price action seemed to be consolidating close to resistance as of the most recent update.

NEAR Price Analysis: NEAR Touches The Resistance, Bullish Move Ahead?

Over the past week, NEAR price action has had difficulty gaining significant upward momentum due to consolidation and resistance at important levels. A possible bearish move resulted from the price’s inability to break out, despite several attempts. As of today, NEAR appears to be testing resistance once again, and if rejected, it could establish a new resistance level below the $2.71 mark. Traders should carefully examine these technical factors before making investment decisions, as RSI and MACD continue to be significant indicators for tracking market trends and indicating possible volatility in the future.