Near Protocol's price has shown signs of weakening, with a slight 0.18% uptick over the past 24 hours. Amid this, user activity on the network has dropped significantly, with active addresses declining from 4.2 million on January 1 to 3.2 million today, according to Artemis data. This drop in engagement could spell trouble for the Near Protocol crypto price, as lower participation often signals reduced investor interest.
Read Detailed Near Protocol Price Prediction, What's Next For NEAR?
Adding to concerns, NEAR has entered a critical “supply zone” between $6.154 and $6.311, where heavy sell orders cluster. Technical indicators like the Average Directional Index (ADX) at 42.19 and a bearish death cross on the Moving Average Convergence Divergence (MACD) chart suggest sustained downward momentum. Analysts warn the Near Protocol coin price could dip to $4.80, with potential support at $5.161 and $5.712.
Broader market conditions further pressure NEAR, as Bitcoin’s dip below $100K and rising U.S. bond yields hint at bearish sentiments. However, a surge in user activity or ecosystem developments might stabilize the price of Near Protocol.
Also Read: Optimism Price Prediction: Will OP Price Achieve $3?
For now, traders should watch the Near Protocol price chart closely while exploring alternatives like Solana price now for investment opportunities. Could 2025 bring a reversal in fortunes for NEAR? Time will tell.
