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NEAR is about to form a golden cross, and the spindle pattern suggests that the rebound may be suspe

2026-09-10 21:48:02
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NEAR Market Analysis: The gold price crossing pattern is approaching, and the spindle line suggests short-term consolidation.

NEAR's current trading price remains around US$2.41. Although a spindle line K line appears that shows short-term uncertainty among active market participants, its bullish structure is still maintained. For crypto traders, a potential "golden cross" between the 50-day moving average and the 200-day moving average may further strengthen NEAR's medium-term technical positive trend.

Bulls need to push prices to close firmly above $2.55, while $2.20 and $2.05 are important support levels to help withstand a deeper price correction during the consolidation period.

Consolidation and uncertainty after September gains

After an impressive price expansion in September, Near Protocol is approaching a "golden cross" pattern, with NEAR currently consolidating around $2.41. Its moving average structure supports medium-term bullish outlook, although the latest K-line chart suggests hesitation among traders.

NEAR started at about $1.80 in early September and then moved towards the resistance zone of $2.50 to $2.55. However, during the latest trading session, buyers struggled to maintain control when the price hit $2.55. The subsequent fall back to US$2.41 formed a spindle K-line, characterized by small entities and relatively wide intraday fluctuations. This pattern reflects market hesitation, as neither buyer nor seller has established solid control around current market prices.

Despite this uncertainty, NEAR remains above the main moving average after a bullish run. Therefore, unless the token falls below the support level below it, the technical structure will still favor the buyer.

Kinetic energy indicator crosses gold

In addition, market momentum remains at a high level but has not entered extreme areas, and the daily relative strength index (RSI) is around 67. The reading is below the traditional overbought threshold of 70, leaving room for another attempt to rise.

The gold cross strengthens the bullish outlook

NEAR's 50-day moving average is currently around US$1.84, converging with the 200-day moving average, which is also near that level. The intersection between these two indicators will form a widely watched "golden cross" pattern and strengthen the trend of improvement.

At the same time, the 100-day moving average was slightly higher at around $1.88, putting these three long-term moving averages in a narrow area. Since NEAR is trading well above this cluster range, this crossover will be a confirmation rather than a signal to initiate a market recovery.

Key Points and Strategic Outlook

Bulls must ensure the daily close above $2.55 before establishing another round of sustained gains. A successful breakthrough could expose prices to $2.65, before market attention would shift to the $2.80 to $3.00 range for June trading.

Conversely, another rejection near $2.50 could extend the consolidation period and prompt traders to protect near-term profits. Initial support is around $2.20, while a rising 20-day moving average around $2.05 provides stronger protection.

A break below US$2.05 would significantly weaken existing breakthroughs and challenge the broader bullish structure. Still, as long as this level is held, NEAR's recovery prospects will be preserved, while traders will assess whether buying pressure can overcome the $2.55 hurdle.

Disclaimer:

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