NEAR Protocol Price Prediction 2022 – Will NEAR Hit $25 Soon?
- Bullish NEAR price prediction ranges from $12.81 to $25.17.
- NEAR price might also reach $25 soon.
- NEAR bearish market price prediction for 2022 is $5.2.
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 $14.64 with a 24-hour trading volume of $1,160,920,098, at the time of writing. However, NEAR has increased by 8.8% in the last 24 hours.
In addition, NEAR has a circulating supply of 596,382,840 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 24th position on CoinGecko right now. NEAR price prediction 2022 explained below with a daily time frame.
Bullish rectangle is a continuing pattern seen during a high, where crypto traders tend to break price support and enter longer levels once the breakout zone closes. When patterns are formed, turning upside down indicates a continuation of the bullish trend.
In the daily time frame chart, if the price of the NEAR breaks the resistance level of $17.968, it will reach the target of $25.669. Or else, the price of the NEAR breakout will fall to the support level at $5.292.
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 level of NEAR.
- Resistance Level 1 – $12.814
- Resistance Level 2 – $25.172
- Support Level 1 – $7.338
- Support Level 2 – $3.667
- Support Level 3 – $1.659
- Support Level 4 – $0.518
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 $25.172.
Conversely, if the investors turn against the crypto, the price of NEAR might plummet to almost $0.518, 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, the 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 67.58. This means that NEAR is in an 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 NEAR Protocol. Currently, NEAR lies in the range at 38.113, 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 level, indicating that the direction of volatility is high. In fact, NEAR’s RSI is at the 67.58 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 of the ETH and BTC is moving at the 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 NEAR Protocol in 2022 is $25.172. On the other hand, the bearish NEAR price prediction for 2022 is $5.2.
Furthermore, with the advancements and upgrades on the NEAR ecosystem, the performance of NEAR would rise reaching $17.968 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, OKEx, CoinTiger, Huobi Global, and KuCoin.
With the ongoing developments and upgrades within the NEAR platform, it has a high possibility of reaching its ATH soon.
On Dec 24, 2021, NEAR reached its new all-time high (ATH) of $14.86.
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 crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then 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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