NEAR Protocol ($NEAR) Crypto Forecast: Down 5.7% Today

What is NEAR Protocol?

NEAR is a decentralized application platform designed to make apps usable on the web. The overall cryptocurrency market has been experiencing volatility with various tokens reacting differently to market conditions.

Why is NEAR Protocol going down?

NEAR crypto is down 5.7% on Jan 13, 2025 3:51

• NEAR's bearish movement to $4.80 could be attributed to the strengthening bearish signals.
• The revamping of Grayscale's crypto funds to include new altcoins for AI and DeFi may have shifted investor focus away from NEAR, impacting its price negatively.
• The anticipation of NEAR dropping further could be fueled by the overall market sentiment and the specific technical indicators signaling a potential downtrend.
• Despite the positive outlook for leading cryptos in 2025, NEAR seems to be facing short-term challenges that are influencing its current bearish trend.

NEAR Price Chart

NEAR Technical Analysis

NEAR News

What Happened in Crypto Today: 9 January Crypto News Highlights

What Happened in Crypto Today: 9 January Crypto News Highlights

https://www.coingabbar.com/en/crypto-currency-news/what-happened-in-crypto-today-9-january-crypto-news-highlights

Grayscale Revamps Crypto Funds: New Altcoins for AI, DeFi, and Large Cap Portfolios

Grayscale Revamps Crypto Funds: New Altcoins for AI, DeFi, and Large Cap Portfolios

https://beincrypto.com/grayscale-rebalances-crypto-funds/

4 Leading Cryptos to Capitalize In 2025 This Crypto Season

4 Leading Cryptos to Capitalize In 2025 This Crypto Season

https://coingape.com/trending/4-leading-cryptos-to-capitalize-in-2025-this-crypto-season/

NEAR: Drop to $4.80 ahead? Bearish signals strengthen

NEAR: Drop to $4.80 ahead? Bearish signals strengthen

https://ambcrypto.com/near-drop-to-4-80-ahead-bearish-signals-strengthen/

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NEAR Protocol Price History

25.11.2024 - NEAR Crypto was up 5.4%

• NEAR's bullish movement today could be attributed to the fading interest in NEAR's competitors.
• The registration of a Polkadot Trust Fund in Delaware may have indirectly impacted NEAR's price.
• The anticipation of two cryptocurrencies reaching a $10 billion market cap in 2025 could have created a positive sentiment around the overall cryptocurrency market, benefiting tokens like NEAR.
• Overall, NEAR's strong bullish movement today could be a combination of fading competition, positive market sentiment, and continued interest in the cryptocurrency space.

09.00.2025 - NEAR Crypto was down 5.0%

• NEAR saw a significant bearish trend today, with possible reasons including:
• Increasing bearish signals that suggested a potential price decline to $4.80.
• Uncertainty prevailing over whether the market will witness a short-term rally or a bearish reversal, contributing to market instability.
• Market participants responding to the prevailing negative sentiment in the cryptocurrency realm, despite positive predictions for major cryptocurrencies in 2025 and the restructuring of Grayscale's cryptocurrency funds.

13.00.2025 - NEAR Crypto was down 5.7%

• NEAR's bearish movement to $4.80 could be attributed to the strengthening bearish signals.
• The revamping of Grayscale's crypto funds to include new altcoins for AI and DeFi may have shifted investor focus away from NEAR, impacting its price negatively.
• The anticipation of NEAR dropping further could be fueled by the overall market sentiment and the specific technical indicators signaling a potential downtrend.
• Despite the positive outlook for leading cryptos in 2025, NEAR seems to be facing short-term challenges that are influencing its current bearish trend.

03.00.2025 - NEAR Crypto was up 5.6%

• NEAR's strong upward movement today could be linked to the optimistic review of its 2024 accomplishments and the 2025 goals set by the NEAR Infrastructure Committee, boosting investor confidence.
• The inclusion of NEAR in the list of top crypto assets for Q1 2025 by Grayscale could have also played a role in the positive market sentiment, attracting more interest from investors and traders.
• The ongoing speculation about a potential short-term rally or bearish reversal for NEAR may have caused some volatility in the near term, but overall, the favorable news and future prospects appear to have outweighed any apprehensions, resulting in the bullish market activity.

31.11.2024 - NEAR Crypto was down 5.2%

• NEAR experienced a strong bearish movement today, potentially influenced by traders' sell-off that hinted at the possibility of NEAR dropping to $10.
• The review of NEAR's achievements and goals for 2025 by the Infrastructure Committee may not have been enough to counteract the negative sentiment in the market.
• Despite being highlighted as one of the top crypto assets for Q1 2025 by Grayscale, NEAR's price was not immune to the broader market sell-off.
• The overall market sentiment and profit-taking behavior of traders might have contributed to NEAR's downward trajectory, overshadowing positive news and future goals outlined by the project.

22.11.2024 - NEAR Crypto was down 5.8%

• NEAR saw a decline in value, potentially influenced by the entry of a new competitor, Remittix (RTX), sparking concerns about market share.
• The establishment of a Polkadot Trust Fund in Delaware may have drawn investor focus away from NEAR, impacting its price negatively.
• Reports of two cryptocurrencies anticipated to achieve a $10 billion market cap by 2025 likely diverted attention from NEAR, prompting a sell-off.
• The release of TurboChain by Aurora Labs, enabling integration with DeFi, may have directed investor interest to other projects within the ecosystem, leading to bearish sentiment for NEAR.

29.11.2024 - NEAR Crypto was up 5.4%

• The strong bullish movement of NEAR could be attributed to traders' optimism and buying pressure, pushing the price higher.
• Mentioning a potential sell-off to $10 may have created a sense of urgency among traders, leading to increased buying activity and driving the price up.
• The mention of a new altcoin dominating the crypto scene could have diverted some attention from NEAR and RENDER, but NEAR's resilience and positive sentiment prevailed, resulting in the bullish movement.
• Overall, NEAR's bullish movement today showcases the dynamic nature of the cryptocurrency market, where sentiment, news, and market trends can all play a significant role in price movements.

08.00.2025 - NEAR Crypto was down 11.6%

• Experienced a strong bearish movement today, potentially heading towards $4.80, as indicated by bearish signals strengthening.
• The short-term outlook suggests a possible bearish reversal, casting doubt on any immediate rally.
• Market sentiment appears to be cautious, with investors potentially anticipating further downside.
• The technical indicators are signaling a bearish trend, possibly influenced by broader market factors impacting the cryptocurrency space.

08.00.2025 - NEAR Crypto was down 11.6%

• NEAR experienced a strong bearish movement today, potentially heading towards a drop to $4.80 as indicated by bearish signals.
• The market sentiment seems to be leaning towards a bearish reversal rather than a short-term rally, reflecting concerns among investors.
• The analyses highlighting the bearish signals and potential price drop may have contributed to the negative market movement of NEAR today.
• Investors are advised to closely monitor the developments in NEAR's price action and market sentiment to make informed trading decisions amidst the current bearish trend.

21.11.2024 - NEAR Crypto was down 5.1%

• NEAR experienced a bearish movement today possibly due to the emergence of a new competitor, Remittix (RTX), which is gaining traction in the market.
• The news of a new altcoin's 200% surge surpassing NEAR's market cap could have also contributed to the bearish trend.
• The overall mixed performance in the cryptocurrency market with notable gains and losses might have added to the selling pressure on NEAR.
• While NEAR's technology and platform remain strong, increased competition and shifting investor sentiment towards other projects could be impacting its short-term price action.

30.11.2024 - NEAR Crypto was down 5.2%

• The NEAR token experienced a bearish movement today, potentially influenced by sell-off pressure.
• The review of achievements and goals by the NEAR Infrastructure Committee for 2024 and 2025 might not have provided the expected positive sentiment to counteract the selling pressure.
• Traders' focus on pushing NEAR to $10 suggests a strong bearish sentiment in the market, possibly driven by profit-taking or concerns about the token's future performance.
• The combination of these factors likely contributed to the bearish movement of NEAR today, as traders reacted to both the committee's updates and the sell-off discussions.

23.11.2024 - NEAR Crypto was up 5.1%

• NEAR's bullish trend could be linked to the decreasing popularity of NEAR and RENDER. Investors may be turning their attention to newer altcoins leading the crypto space.
• The emergence of Remittix (RTX) as a competitor to NEAR has drawn interest to NEAR as investors compare the two projects and recognize potential in NEAR's technology and market presence.
• Recent events such as 21Shares setting up a Polkadot Trust Fund in Delaware and the forecast of two cryptocurrencies hitting a $10 billion market cap by 2025 could have helped create a positive sentiment in the overall cryptocurrency market, benefiting tokens like NEAR.
• Despite the varied performance in the cryptocurrency market, with some coins experiencing gains and losses, NEAR's bullish movement sets it apart. This could be due to specific factors influencing its price independently of broader market swings.