NEAR token rallied 7.77% in the latest session, pushing its relative strength index (RSI) into overbought territory at 73.32. The move puts the immediate resistance level at $3.17, but traders anticipate a pullback to the $2.18 support zone within seven to ten days.
Overbought signal flags potential reversal
An RSI reading above 70 is typically considered overbought, suggesting the asset may be due for a correction. NEAR's RSI now stands at 73.32 — the highest level in weeks. That doesn't guarantee a drop, but it often precedes one. Short-term momentum is strong, but the risk of a snapback is climbing.
Resistance test ahead
The immediate upside target is $3.17. If NEAR breaks through that level, the rally could extend. But based on current price action, a rejection at $3.17 appears more likely. Should that happen, the next move would be a decline toward the $2.18 mark, which has acted as support in recent trading.
Timeline for the expected correction
Analysts tracking the chart put the probable correction window at 7 to 10 days from today. That means the drop to $2.18 could materialize by mid-next week if the pattern holds. No catalyst is required to trigger the pullback — it's a technical move built into the overbought condition.
For now, all eyes are on whether NEAR can push through $3.17 or if sellers step in first.
