NEAR Technical Analysis Feb 14

NEAR Protocol is approaching the oversold region at RSI 32.22 level while the MACD histogram gives a positive momentum signal; however, a short-term bearish trend dominates below EMA20. This dual structure supported by volume increase may carry a potential reversal signal, although the overall downtrend appears dominant.

Trend Status and Momentum Analysis

NEAR is currently trading at the 1.02 dollar level and has recorded a 4.62% increase in the last 24 hours. The daily range was between 0.97-1.03 dollars, with volume reaching 107.38 million dollars, partially confirming the move. The overall trend can be defined as downtrend; the price continues to stay below the EMA20’s 1.15 dollar level, and the Supertrend indicator is giving a bearish signal, pointing to the 1.30 dollar resistance. From a momentum perspective, there are mixed signals: while RSI at low levels creates oversold pressure, the MACD’s positive histogram highlights a hidden bullish momentum. In multi-timeframe (MTF) confluence, 11 strong levels have been detected; 2 supports/1 resistance on 1D, 2S/2R on 3D, and 3S/4R distribution on 1W suggests balanced consolidation. This structure indicates that momentum is weakening but has potential for bottom formation. Although the volume increase supports the recent price action, stronger accumulation patterns are needed to confirm the downtrend with volume.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 32.22 level and is quite close to the classic oversold region (below 30). Recently, while price is making new lows, RSI forming higher lows strengthens the bullish divergence (hidden bullish divergence) possibility; this indicates weakening momentum and a potential reversal signal. On the daily chart, while price touched 0.97 dollars, RSI fell to 28 but quickly recovered to 32 – this divergence shows buyers entering. Weekly RSI remains neutral around 45, preserving the overall bearish trend structure, but short-term divergence may signal the end of the downtrend. For divergence confirmation, RSI breaking above 40 will be critical.

Overbought/Oversold Regions

The oversold region is keeping the price near the 0.9768 support level (score 68/100), expecting a bounce from here is logical. If RSI doesn’t dip below 30, momentum recovery can accelerate; however, deepening towards 20 increases selling pressure. The daily oversold condition highlights short-term buying opportunities, but caution is required due to the overall downtrend.

MACD Signals and Histogram Dynamics

MACD is in bullish status; positive histogram expansion above the signal line is observed, confirming that momentum is slowly turning upwards. Histogram bars have started growing above the zero line in recent sessions, strengthening the bullish crossover within the bearish trend. The MACD line (approx. 0.015) has crossed above the signal line (0.008), and the green histogram bars are expanding – this dynamic shows increasing buyer momentum. However, under downtrend dominance, this signal may remain only a local recovery. Histogram expansion supported by volume carries potential to test the 1.0298 resistance (score 65/100). Although long-term MACD shows negative divergence on weekly, the positive structure on daily adds short-term optimism.

EMA Systems and Trend Strength

Short-Term EMAs

Price continues to stay below EMA20 (1.15$), confirming the short-term bearish trend. Narrowing between EMA10 and EMA20 ribbon reflects momentum loss; price breaking above EMA10 (around 1.08) would be the first bullish signal. Short-term EMA dynamics show weak trend strength, flat ribbon indicates consolidation phase.

Medium/Long-Term EMA Supports

EMA50 (1.25$) and EMA200 (1.45$) stand as medium-term resistances; trend strength will be measured before price reaches these levels. The EMA ribbon is generally downward sloping, supporting the downtrend, but flattening of short-term EMAs implies weakening strength. If 0.8410 support (score 70/100) overlaps with EMA100, strong holding is expected.

Bitcoin Correlation

Although Bitcoin is trading at 68,884 dollar level with a 4.23% increase, the overall downtrend and Supertrend bearish signal are cautionary for altcoins. If BTC breaks 68,776 support, pressure increases below 0.9768 on NEAR; if it surpasses 71,248 resistance, NEAR can test above 1.03. With high BTC dominance, NEAR’s correlation is strong (0.85+), BTC decline crushes alt momentum – key BTC levels: support 68k/65k, resistance 71k/75k. Without BTC recovery, big rallies on NEAR remain limited. For more details, check NEAR Spot Analysis and NEAR Futures Analysis.

Momentum Result and Expectations

In momentum confluence, although RSI oversold divergence and MACD positive histogram give bullish signals, the position below EMA and Supertrend bearish dominate the downtrend. Volume increase supports recovery; if 1.0298 breaks, 1.6869 target (score 33) may come into play; otherwise, pullback to 0.8410-0.9768 supports (score 68-70) is likely, bearish target 0.2034 (22). The balance of 11 levels in MTF suggests consolidation; although momentum oscillators (RSI+MACD) show bullish tendency, trend strength is weak. Expectations: Short-term oversold bounce, medium-term continuation of BTC-dependent downtrend. Volume confirmation should be awaited; if divergences develop, reversal strengthens.