NEAR Protocol (NEAR) Price Prediction 2022 — Will NEAR Hit $15 Soon?

• Bullish NEAR  price prediction is $4.425 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 $3.55 with a 24-hour trading volume of $219,388,420 at the time of writing. However, NEAR  has decreased to 1.77% in the last 24 hours. 

Moreover, NEAR Protocol (NEAR)  has a circulating supply of 739,591,426 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.

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, NEAR Protocol (NEAR)  is at $3.55. If the pattern continues, the price of NEAR  might reach the resistance level of $3.870, $4.407, $5.115, and $6.563. If the trend reverses, then the price of NEAR  may fall to $3.070.

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 NEAR Protocol (NEAR).

Resistance Level 1	$4.425
Resistance Level 2	$6.547
Resistance Level 3	$9.376
Resistance Level 4	$11.937
Support Level	$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 below 50 MA (short-term), so it is in a downward trend. Currently, NEAR  is in a bearish 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 57.42. This means that NEAR  is in a nearly 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 25.849, 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 57.42, 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  also 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

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.

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