The post NEAR Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

NEAR’s 24-hour trading volume is hovering around the 295 million dollar level; in the downtrend, the partial decrease in volume indicates weakening selling pressure. This situation shows that market participation is low with potential accumulation signals while the price is seeking a bottom at the $1.20 level. Volume Profile and Market Participation NEAR Protocol’s current volume profile stands out with a 24-hour trading volume of 295.27 million dollars. This level is below the 7-day average volume (approximately 350 million dollars), showing a decline of up to 30% compared to the 30-day average (420 million dollars). While the price has declined by 7.33% in the downtrend, the decrease in volume reveals that selling is gradually weakening and broad market participation is low. In volume profile analysis, the Value Area High (VAH) level around $1.20 stands out as the region with the highest trading volume in recent weeks. This suggests that institutions are testing this level and potentially forming support. In terms of market participation, retail investors appear exhausted from the selling wave, while big players (whales) are holding their positions. Although RSI is at 24.94 in oversold territory, this calm in volume may signal the end of panic selling. Although Supertrend is bearish and the price is below EMA20 ($1.47), the decreasing volume trend is weakening the downtrend. Accumulation or Distribution? Accumulation Signals Accumulation signals are strengthening, especially at the $1.0910 support level (75/100 score), with expectations of increased volume. The latest MTF (multi-timeframe) analysis detected 5 strong support levels on 1D and 1W timeframes; long-tailed candles (hammer/doji) are observed in volume profiles among these. RSI’s proximity to the 25 level recalls historical points where accumulation phases began. While volume was 20% lower than previous days during recent declines, this divergence (price declining while volume decreases) indicates that smart money is…

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Filed under: News - @ February 1, 2026 10:26 am