$NEAR is trading today at $1.19 - $1.22. Increased by only 0.67% in the last 24 hours - almost flat.
Technically very oversold:
RSI 26.70 (deeply oversold)
Below the lower line of the Bollinger band ($1.12)
All moving averages are trading below
What is promising:
Focusing on AI and blockchain integration
Sharding technology – good scalability
Developer-friendly platform
DeFi, NFT, and gaming ecosystems are growing
Challenge:
Dropped significantly last week
Competition is high – $ETH , $SOL , Polygon
Mainstream hype hasn't reached yet
Analysts say $1.16 support is critical. If it can hold, a recovery to $1.50 - $1.85 is possible by March. Some bullish predictions even suggest $2.10 - $2.35.
However, realistically, with such an oversold condition, there is a chance of a bounce, but the entire market sentiment needs to improve for a sustained recovery.
My thoughts? NEAR's AI + blockchain story is unique and has long-term potential. But in the short term, it will remain volatile. $1.16 support needs to be monitored. I have set aside some bars now it's up to you.
Remember: Crypto is high risk. Make decisions after doing your own research. DYOR!
