CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

NEAR Price Prediction: 9% Surge Stalls at $5.43 as MACD Histogram Hits Zero and Open Interest Slips

Blockchain.News logo

Published on

Add as a preferred source on Google
NEAR Price Prediction: 9% Surge Stalls at $5.43 as MACD Histogram Hits Zero and Open Interest Slips

NEAR Protocol climbed 9.45% to $5.21 on Binance spot, clearing every major moving average, but the MACD histogram has collapsed to exactly zero near the $5.43 resistance level while Binance futures...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

NEAR Protocol (NEAR) was observed trading at $5.21 on Binance spot, having ranged from a 24-hour low of $4.63 to a session high of $5.25 before easing marginally below that peak. The 9.45% advance came alongside spot volume of $192.15 million. Price now sits above the daily pivot at $5.03, between immediate support at $4.81 and the first notable overhead level at $5.43 — a relatively tight zone that will likely define the short-term direction.

According to Binance spot data, NEAR trades above its 7-day SMA ($5.04), 20-day SMA ($5.05), 50-day SMA ($4.06), and 200-day SMA ($2.36). The EMA 12 ($5.04) sits above the EMA 26 ($4.80), a configuration that underpins the positive MACD reading of 0.2318. The 200-day SMA at $2.36 illustrates the distance NEAR has covered from its longer-run baseline, and the multi-timeframe moving-average structure is broadly constructive.

The caveat lies in the MACD histogram. 2318, the histogram registers exactly zero, meaning the gap between those two lines has fully closed. The supplied data characterises this as bullish momentum, but a histogram at zero marks a convergence point rather than a confirmed cross — the next session will clarify whether the lines diverge higher or begin rolling over.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.