NEAR Protocol (NEAR) Price Prediction 2022 — Will NEAR Hit $15 Soon?
- Bullish NEAR price prediction is $6.572 to $11.937.
- The NEAR price will also reach $15 soon.
- NEAR bearish market price prediction for 2022 is $3.065.
In NEAR Protocol (NEAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other NEAR information to analyze the cryptocurrency’s future movement.
NEAR Protocol (NEAR) Current Market Status
According to CoinGecko, the price of NEAR Protocol (NEAR) is $5.88 with a 24-hour trading volume of $219,388,420 at the time of writing. However, NEAR has increased to 12% in the last 24 hours.
Moreover, NEAR Protocol (NEAR) has a circulating supply of 755,775,027 NEAR. Currently, NEAR trades in cryptocurrency exchanges such as Binance, OKX, MEXC, Bybit, and BitCoke.
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 is focused on creating a developer and user-friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dAppas and smart contracts without requiring a wallet at all.
NEAR Protocol (NEAR) Price Prediction 2022
NEAR Protocol (NEAR) holds the 28th position on CoinGecko right now. NEAR price prediction 2022 is explained below with a weekly time frame.
An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, NEAR Protocol (NEAR) is at $5.88. If the pattern continues, the price of NEAR might reach the resistance level of $5.772, and $7.618. If the trend reverses, then the price of NEAR may fall to $4.637, $3.641, & $3.069.
NEAR Protocol (NEAR) Support and Resistance Levels
The chart below shows the support and resistance levels of NEAR Protocol (NEAR) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the NEAR Protocol (NEAR).
| Resistance Level 1 | $6.572 |
| Resistance Level 2 | $9.376 |
| Resistance Level 3 | $11.937 |
| Support Level 1 | $4.450 |
| Support Level 2 | $3.065 |
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 $11.937.
Accordingly, if the investors turn against the crypto, the price of the NEAR might plummet to almost $3.065, a bearish signal.
NEAR Protocol (NEAR) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of the NEAR Protocol (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, the RVOL of NEAR lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of the NEAR Protocol (NEAR) is shown in the above chart. Notably, the NEAR price slightly lies above 50 MA (short-term), so it is in an upward trend. Currently, NEAR is in a bullish state. There is a possibility of a reversal trend of NEAR at any time.
Meanwhile, the relative strength index (RSI) of the NEAR is at a level of 64.79. This means that NEAR is in an overbought state. However, this gives confidence to the traders to trade without any fear.
NEAR Protocol (NEAR) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of NEAR Protocol (NEAR) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of the NEAR Protocol (NEAR). Currently, NEAR lies in the range of 33.843, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of NEAR Protocol (NEAR). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of NEAR lies above 50, indicating higher volatility. In fact, NEAR’s RSI is at 64.79, 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 (NEAR) .
From the above chart, we can interpret ETH, BTC, and NEAR are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and NEAR increase or decrease respectively.
NEAR Protocol (NEAR) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, NEAR Protocol (NEAR) might probably attain $16.5 by 2023.
NEAR Protocol (NEAR) Price Prediction 2024
With several upgrades in the network, NEAR Protocol (NEAR) might enter a bullish trajectory. If the coin grabs the attention of major investors, NEAR might rally to hit $18.6 by 2024.
NEAR Protocol (NEAR) Price Prediction 2025
If NEAR Protocol (NEAR) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, NEAR would rally to hit $20.
NEAR Protocol (NEAR) Price Prediction 2026
If NEAR Protocol (NEAR) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, NEAR would rally to hit $23.
NEAR Protocol (NEAR) Price Prediction 2027
If NEAR Protocol (NEAR) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, NEAR would rally to hit $27.
NEAR Protocol (NEAR) Price Prediction 2028
If NEAR Protocol (NEAR) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, NEAR would hit $31.
NEAR Protocol (NEAR) Price Prediction 2029
If investors flock in and continue to place their bets on NEAR Protocol (NEAR) , it would witness major spikes. NEAR might hit $36 by 2029.
NEAR Protocol (NEAR) Price Prediction 2030
With greater advancements in the NEAR Protocol ecosystem, the crypto community might continue to invest in NEAR Protocol (NEAR) for the next 8 years and drive significant price rallies for the token. Hence, NEAR Protocol (NEAR) might hit $40 by 2030.
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 NEAR Protocol (NEAR) in 2022 is $11.937. On the other hand, the bearish price prediction of NEAR Protocol (NEAR) for 2022 is $3.065.
Furthermore, with the advancements and upgrades in the NEAR Protocolecosystem, the performance of NEAR Protocol (NEAR) might hit $15 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $20.44 in the near future.
FAQ
NEAR is the native cryptocurrency of the NEAR Protocol, a decentralized dApps development platform. The token Near Protocol (NEAR) was launched in 2020.
NEAR Protocol (NEAR) has been listed on many crypto exchanges which include Binance, WhiteBIT, Bitrue, Huobi Global, DigiFinex, FMFW.io, KuCoin, AEX, OKX, and HitBTC.
With the ongoing developments and upgrades within the NEAR platform, NEAR has a high possibility of reaching its ATH soon.
On January 16, 2022, NEAR Protocol (NEAR) reached its new all-time high (ATH) of $20.44.
NEAR Protocol (NEAR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of the NEAR Protocol 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 $15 soon.
NEAR Protocol (NEAR) price is expected to reach $16.5 by 2023.
NEAR Protocol (NEAR) price is expected to reach $18.6 by 2024.
NEAR Protocol (NEAR) price is expected to reach $20by 2025.
NEAR Protocol (NEAR) price is expected to reach $23 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Recommended for You
- Enjin Coin (ENJ) Price Prediction 2022 — Will ENJ Hit $5 Soon?
- The Graph (GRT) Price Prediction 2022 – Will GRT Hit $2 Soon?
- Axie Infinity (AXS) Price Prediction 2022— Will AXS Hit $200 Soon?
Read more: https://thenewscrypto.com/near-protocol-near-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
