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

NEAR Protocol (NEAR) Price Prediction 2022 — Will NEAR Hit $15 Soon?
  • Bullish NEAR price prediction is $4.473 to $12.012.
  • NEAR Protocol (NEAR) price might also reach $15 soon.
  • Bearish NEAR price prediction for 2022 is $3.082.

In NEAR Protocol (NEAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about NEAR to analyze the future movement of the cryptocurrency. 

NEAR Protocol (NEAR) Current Market Status

According to CoinGecko, the price of NEAR Protocol (NEAR) is $3.87 with a 24-hour trading volume of $249,327,149 at the time of writing. However, NEAR has decreased by nearly 1.17% in the last 24 hours. 

Moreover, NEAR Protocol (NEAR) has a circulating supply of 787,199,935 NEAR. Currently, NEAR Protocol (NEAR) trades in cryptocurrency exchanges such as Binance, KuCoin, OKX, FMFW.io, Upbit and WhiteBIT. 

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 27th position on CoinGecko right now. NEAR price prediction 2022 is explained below with a daily time frame.

NEAR /USDT Descending Triangle Pattern (Source: Tradingview)

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 in the range of $3.87. If the pattern continues, the price of NEAR might reach the resistance levels of $4.349, and $6.081. If the trend reverses, then the price of NEAR may fall to $3.558. 

NEAR Protocol (NEAR) Support and Resistance Levels

The chart below shows the support and resistance levels of NEAR Protocol (NEAR).

NEAR /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for NEAR Protocol (NEAR).

Resistance Level 1$4.472
Resistance Level 2$6.104
Resistance Level 3$9.468
Resistance Level 4$12.012
Support Level $3.082
NEAR Resistance & Support Level

The charts show that NEAR Protocol (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 $12.012.

Accordingly, if the investors turn against crypto, the price of NEAR Protocol (NEAR) might plummet to almost $3.082, a bearish signal.

NEAR Protocol (NEAR) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of NEAR Protocol (NEAR) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of NEAR lies below the cutoff line, indicating weak participants in the current trend.

NEAR /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of NEAR Protocol (NEAR) is shown in the chart above. Notably, the NEAR Protocol (NEAR) price lies below 50 MA (short-term), so it is in a downtrend. Currently, NEAR has entered a bearish state. Therefore, there is a possibility of a reversal trend of NEAR at any time.

Meanwhile, the relative strength index (RSI) of the NEAR is 42.39. This means that NEAR Protocol (NEAR) is nearly in an oversold state. However, this means a major price reversal of NEAR may occur in the upcoming days. So, traders need to trade carefully. 

NEAR Protocol (NEAR) Price Prediction 2022 — ADX, RVI

Let us now look at the 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.

NEAR /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of NEAR Protocol (NEAR). Currently, the ADX of NEAR lies in the range of 21.204 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of NEAR Protocol (NEAR). RVI measures the constant deviation of price changes over a period of time. The RVI of NEAR lies above 50, indicating high volatility. In fact, the RSI of NEAR Protocol (NEAR) is at 42.39 thus confirming a potential buy signal.

Comparison of NEAR with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  NEAR Protocol (NEAR).

BTC Vs ETH Vs NEAR  Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that 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 $18 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 $21 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 the investors for the next 3 years, NEAR would rally to hit $24. 

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 the investors for the next 4 years, NEAR would rally to hit $27. 

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 the investors for the next 5 years, NEAR would rally to hit $30.

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 amid the trends in the highly-volatile crypto market. By driving significant price rallies, NEAR would hit $33 in 2028.

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 for the next 8 years and drive significant price rallies for the token. Hence, NEAR Protocol (NEAR) might hit $39 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 $12.012. On the other hand, the bearish price prediction of NEAR Protocol (NEAR) price prediction for 2022 is $3.082.

Furthermore, with the advancements and upgrades to the NEAR Protocol ecosystem, the performance of NEAR would help to reach above its current all-time high (ATH) of $20.44 very soon. But, it might also reach $15 if the investors believe that NEAR is a good investment in 2022.

FAQ

1. What is NEAR Protocol (NEAR)?

NEAR is the native cryptocurrency of the NEAR Protocol, a decentralized dApps development platform. The Near Protocol (NEAR) was launched in 2020.

2. Where can you purchase NEAR Protocol (NEAR)?

NEAR Protocol (NEAR) has been listed on many crypto exchanges which include Binance, KuCoin, OKX, FMFW.io, Upbit and WhiteBIT. 

3. Will NEAR Protocol (NEAR) reach a new ATH soon?

With the ongoing developments and upgrades within the NEAR platform, NEAR has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of NEAR Protocol (NEAR)?

On January 16, 2022, NEAR Protocol (NEAR) reached its new all-time high (ATH) of $20.44.

5. Is NEAR Protocol (NEAR) a good investment in 2022?

NEAR Protocol (NEAR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of the NEAR Protocol in the past few months, NEAR  is considered a good investment in 2022.

6. Can NEAR Protocol (NEAR) reach $15?

NEAR Protocol (NEAR) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues the NEAR Protocol (NEAR) will hit $15 soon.

7. What will be the NEAR Protocol (NEAR) price by 2023?

NEAR Protocol (NEAR) price is expected to reach $18 by 2023.

8. What will be the NEAR Protocol (NEAR) price by 2024?

NEAR Protocol (NEAR) price is expected to reach $21 by 2024.

9. What will be the NEAR Protocol (NEAR) price by 2025?

NEAR Protocol (NEAR) price is expected to reach $24 by 2025.

10. What will be the NEAR Protocol (NEAR) price by 2026?

NEAR Protocol (NEAR) price is expected to reach $27 by 2026.

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.

Recommended for You

Ripple (XRP) Price Prediction 2022 – Will XRP Hit $1 Soon?

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.