NEAR Protocol is currently trading at $2.46, experiencing a 2.83% dip in the last 24 hours and a weekly decline of 16.01% with trading volume down by 17.34% at $125.8 million.
Analysts foresee a potential surge towards $6.00 despite current bearish trends, as technical indicators suggest a reversal pattern on the daily chart.
Technical analysis reveals NEAR Protocol testing a descending channel's upper line, indicating stabilizing prices with a potential upward movement towards $6.00 expected by many traders.
Short-term outlook remains cautious while longer-term predictions are more optimistic, with varying estimates projecting a recovery to around $5.39 by the end of the year and potential ROC figures for 2025 in the range of 11.1% to 16.6%.