NEAR Protocol (NEAR) Daily Market Analysis: September 28, 2025
This report provides a detailed analysis of NEAR Protocol’s market performance over the 24-hour period ending at 12:56 PM UTC on September 28, 2025.
1. Price Action
- 24-Hour High, Low, and Current Price: Over the past 24 hours, NEAR Protocol has traded within a range of $2.76 to $2.66. As of this report, the current price of NEAR is approximately $2.68-$2.72.
- Percentage Change: The token has experienced a decline between 0.63% and 6.79% in the last 24 hours, with some sources indicating a 1.36% drop.
- Trading Volume: The 24-hour trading volume is reported to be around $105.64 million to $349.76 million. This represents a significant decrease of approximately 55% from the previous day, signaling a recent fall in market activity.
2. Technical Indicators
- Exponential Moving Averages (EMAs): Technical analysis indicates a mixed outlook. The price is currently below the 10-day and 20-day EMAs, which are at $2.89 and $2.83 respectively, suggesting short-term bearish pressure. However, it remains above the 50, 100, and 200-day EMAs ($2.71, $2.64, and $2.59 respectively), which can be interpreted as a sign of underlying strength in the longer term. There are no immediate ‘golden cross’ or ‘death cross’ formations to report.
- Relative Strength Index (RSI): The current RSI for NEAR Protocol is approximately 45.97 to 47.20, which is in the neutral territory. This indicates that the asset is neither overbought nor oversold, suggesting a potential consolidation phase or a period of indecision in the market.
- Moving Average Convergence Divergence (MACD): The MACD indicator is currently showing a “sell” signal. This suggests that bearish momentum may be increasing in the short term.
- On-Chain Data: In the last 24 hours, there has been a notable 12% drop in Total Value Locked (TVL) on the NEAR Protocol, with outflows of $20.5 million. This has been accompanied by a decrease in daily on-chain transactions to a low of 4.3 million. Conversely, spot market inflows have been strong, with $21.75 million being absorbed. There are significant long-side liquidation clusters above the $2.65 level, which could influence short-term price movements.
Technical Metrics
| Indicator | Value |
|---|---|
| 10-day EMA | $2.89 |
| 20-day EMA | $2.83 |
| 50-day EMA | $2.71 |
| 100-day EMA | $2.64 |
| 200-day EMA | $2.59 |
| RSI | 45.97 – 47.20 |
| MACD | Sell signal |
| Total Value Locked Drop | 12% (Outflows: $20.5 million) |
| Daily On-Chain Transactions | 4.3 million |
| Spot Market Inflows | $21.75 million |
3. Support and Resistance
- Immediate Resistance: The key immediate resistance level for NEAR Protocol is identified in the range of $2.74 to $2.84. A break above this level could signal further upward momentum. The next significant resistance is noted at $3.21 and a more formidable one at $3.34.
- Immediate Support: The immediate support level that bulls must defend is at $2.58. Should this level be breached, the next major support zone lies at $2.36, with a stronger floor at $2.28.
- Fibonacci Retracement: While specific Fibonacci levels for the last 24 hours are not detailed, the identified support and resistance levels are critical points that traders are watching for potential price action.
4. Fundamental News
- Asset-Specific News: The market is still digesting the successful completion of NEAR Protocol’s network upgrade on September 23, 2025. While this upgrade significantly enhanced the network’s scalability, it has not sustained a bullish price momentum in the last 24 hours, suggesting a potential “sell the news” event or profit-taking.
- Broader Market News: The broader cryptocurrency market is experiencing some bearish pressure, with reports of a record outflow of $795.6 million from the U.S. Ethereum spot ETF this week. The overall market has seen significant liquidations, which can contribute to negative sentiment and impact altcoins like NEAR.
5. Social Media and Tweet Activity
- Social Sentiment: The overall sentiment regarding NEAR Protocol on social media appears to be mixed. While some technicals suggest a bearish outlook, there is a positive sentiment from the community, with some analyses indicating a “Positive” sentiment based on recent news and discussions.
- Trending Narratives: The primary narrative revolves around the recent network upgrade and the disconnect between this positive fundamental development and the recent price decline. The positioning of NEAR as a key player in the “blockchain for AI” space continues to be a topic of discussion.
- Key Influencers: There is no specific mention of key influencers or large accounts being particularly active in shaping the market conversation around NEAR within the last 24 hours in the available data.
6. Short-Term Outlook & Forecast
- Forecast: Based on the current technical indicators showing a neutral to slightly bearish sentiment and the recent on-chain data, NEAR Protocol’s price is likely to continue its consolidation within the current support and resistance levels in the next 24-48 hours. A lack of significant buying pressure could see it test the immediate support.
- Bullish Scenario: If the support level at $2.58 holds strong and broader market sentiment improves, a bounce towards the immediate resistance at $2.74-$2.84 is plausible. Increased spot inflows could help absorb selling pressure and fuel a recovery.
- Bearish Scenario: A break below the $2.58 support level could lead to a further decline towards the next major support at $2.28. Continued outflows from the ecosystem’s TVL and negative broader market sentiment could exacerbate this downward move.
This analysis is for informational purposes only and does not constitute financial advice.
