NewsBTC

16 February 2025

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NEAR Protocol Price Drops Below $3.40 Amid Bearish Signals

Near Protocol (NEAR) has experienced a 2.98% price decline in the last 24 hours, dropping below $3.40. Crypto analyst Ali Martinez highlights key price levels for potential recovery.

Critical Price Levels for NEAR

• NEAR must reclaim the $3.60 support level to counter bearish trends.
• Current trading suggests a possible downtrend, with potential lows around $1.50, indicating a 55% decrease from current levels.
• If NEAR rebounds, it could target $4.50, with further resistance at $5.50.
• The Relative Strength Index (RSI) is at 36.75, indicating potential for upward movement before reaching overbought conditions.

Launch of OmniBridge

The NEAR Protocol team has launched OmniBridge, facilitating cross-chain integration of NEAR-native assets. Currently, NEAR trades at $3.38, showing a weekly gain of 2.82%, but reflects a 35% loss over the past month. The market cap stands at $4.17 billion, maintaining its position among the top 30 cryptocurrencies.