Whether you're already holding cryptocurrencies or searching for a long-term buying opportunity, we at BITmarkets have prepared an outlook on the upcoming price development of the NEAR coin.

The project behind NEAR boasts significant advantages in its Proof-of-Stake (PoS) blockchain model, focusing on scalability, user-friendliness, and reduced transaction costs.

Coupled with the current technical state of its price, NEAR presents a compelling choice for investors looking to strengthen their portfolios.

Daily time frame analysis

NEARUSD - 1 Day Time Frame

In recent months, NEAR has been undergoing a bearish corrective phase. However, this downturn doesn't signal any fundamental issues; rather, it offers a more favorable valuation, allowing investors to buy below the 0.5 Fibonacci level—essentially at a discount compared to the year’s highs.

Other key technical indicators include internal bullish market structures, marked on the attached chart by horizontal blue lines, instant re-balance price levels, and, most importantly, a potential support zone that could validate a buying scenario.

When to buy NEAR?

If the identified support zone forms as expected, traders should place their stop-loss orders just below the internal higher low, as illustrated on the chart.

The goal of this trade is for the price to continue rising, allowing traders to gradually take profits at critical buy-side liquidity levels.

However, it’s equally important to reduce the position if the price closes below the established support zone, ensuring proper risk management.