Ted Hisokawa
Feb 02, 2026 15:08
NEAR Protocol trades at $1.21 in oversold territory with RSI at 28.29. Technical analysis suggests potential bounce to $1.50-$1.85 range as support holds at $1.16.
NEAR Price Prediction Summary
• Short-term target (1 week): $1.28-$1.32
• Medium-term forecast (1 month): $1.45-$1.65 range
• Bullish breakout level: $1.85 (Upper Bollinger Band)
• Critical support: $1.16-$1.10
What Crypto Analysts Are Saying About NEAR Protocol
Recent analyst coverage from early January provides insight into NEAR Protocol’s trajectory. Timothy Morano noted on January 3, 2026: “NEAR Protocol shows bullish momentum with MACD histogram positive and RSI at neutral 56. Analysts target $2.10-$2.35 range as NEAR breaks above Bollinger Band resistance at $1.68.” His target range of $2.10–$2.35 by February 2026 suggests significant upside potential.
Following up on January 6, 2026, Morano reinforced his outlook: “NEAR Protocol trades at $1.77 with bullish MACD momentum targeting $2.25 medium-term. Technical analysis suggests 27% upside potential if resistance breaks.” His February 2026 target of $2.25 aligns with the upper end of previous predictions.
However, current market conditions show NEAR has pulled back significantly from these January levels, creating a potential opportunity for patient investors.
NEAR Technical Analysis Breakdown
NEAR Protocol’s current technical picture presents a mixed but potentially constructive setup. Trading at $1.21, the token sits well below all major moving averages, with the 7-day SMA at $1.32 and the critical 200-day SMA at $2.23 highlighting the extent of the recent decline.
The RSI at 28.29 places NEAR in deeply oversold territory, typically indicating exhausted selling pressure and potential for a technical bounce. This oversold condition, combined with NEAR’s position near the lower Bollinger Band at $1.15, suggests the token may be approaching a short-term floor.
The MACD histogram at 0.0000 shows neutral momentum, a potential improvement from deeply negative readings. While the MACD line remains at -0.1117, the flattening histogram could signal that bearish momentum is waning.
Bollinger Band analysis reveals NEAR trading with a %B position of 0.09, meaning it’s very close to the lower band support at $1.15. Historically, such extreme positions often precede mean reversion moves toward the middle band at $1.50.
NEAR Protocol Price Targets: Bull vs Bear Case
Bullish Scenario
The primary upside case for this NEAR price prediction centers on oversold conditions triggering a technical bounce. Initial resistance sits at $1.25, followed by stronger resistance at $1.28. A break above the 7-day SMA at $1.32 would signal the beginning of a more substantial recovery.
The medium-term NEAR Protocol forecast targets the middle Bollinger Band at $1.50, representing a 24% gain from current levels. A sustained move above this level could target the upper Bollinger Band at $1.85, aligning with previous analyst projections.
For the bullish case to materialize, NEAR needs to hold support at $1.16 while RSI begins to recover from oversold levels. Volume expansion above the current 24-hour average of $33.3 million would provide additional confirmation.
Bearish Scenario
The bear case acknowledges that NEAR remains in a clear downtrend, trading below all moving averages. A break below the immediate support at $1.16 could trigger further selling toward the strong support zone at $1.10-$1.15.
Continued weakness could see NEAR testing psychological support at $1.00, though such a move would likely require broader crypto market deterioration. The distance from the 200-day SMA at $2.23 illustrates the significant technical damage that would need to be repaired.
Should You Buy NEAR? Entry Strategy
Current oversold conditions present a potential opportunity for risk-tolerant investors. A staged entry approach makes sense given the technical setup:
Primary entry zone: $1.16-$1.21 (current support cluster)
Stop-loss: $1.08 (below strong support)
Initial target: $1.32 (7-day SMA resistance)
Extended target: $1.50 (middle Bollinger Band)
Risk management remains crucial given NEAR’s position below all major moving averages. Position sizing should account for potential further downside, with stops clearly defined below the $1.10 support level.
Conclusion
This NEAR price prediction suggests that while the token faces significant technical headwinds, oversold conditions and proximity to Bollinger Band support create a potential bounce opportunity. The NEAR Protocol forecast for the coming month targets a recovery to $1.45-$1.65, contingent on holding current support levels.
The analyst targets of $2.10-$2.35 from January appear optimistic given current technical conditions, though a sustained recovery could make these levels achievable by mid-2026. Immediate focus should be on NEAR’s ability to hold $1.16 support and begin RSI recovery from oversold territory.
Disclaimer: Cryptocurrency price predictions are speculative and based on technical analysis. Digital assets carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before investing.
Image source: Shutterstock
Source: https://blockchain.news/news/20260202-price-prediction-near-oversold-conditions-signal-potential-recovery-to
