NEARJPY sees a 298.98% surge over the past week as technical signals point to continued momentum

As of September 6, 2025, NEARJPY remained unchanged over the past 24 hours at $353.1. Over the last week, it climbed 298.98%, and in the past month, it increased by 169.1%, while year-over-year, it declined by 5408.9%.

NEARJPY’s recent sharp rise has attracted the interest of technical market observers. They have noted a noticeable upward momentum in the currency pair throughout the last week. Although the daily price range was stable, the significant 7-day growth indicates a strong short-term reversal. The pair’s resilience above critical support levels and steady influx of buying activity point toward the continuation of a bullish move. Importantly, the price is holding above its main moving averages, suggesting that the rally is being supported by sustained demand rather than temporary price swings.

Analysis of the price patterns further shows a robust RSI above 55, reflecting increasing positive momentum. The MACD indicator has also moved above its signal line, affirming a bullish outlook. Experts believe that as long as NEARJPY stays above both its 50-period and 200-period exponential moving averages, it will likely keep challenging higher resistance points. Surpassing $375 could pave the way for additional advances, with $400 as the next major target.

Backtest Hypothesis

A backtesting method has been designed to measure how well NEARJPY performs under similar technical setups. This approach uses a combination of moving average crossovers and RSI thresholds to pinpoint optimal entry and exit times. Specifically, a buy signal is generated when the 50-period EMA overtakes the 200-period EMA and the RSI remains above 50. The stop-loss is set just below the most recent swing low, while the take-profit is placed at the nearest major psychological or Fibonacci resistance.

This hypothesis seeks to evaluate both the profitability and consistency of opening positions during bullish confirmations. Running this strategy on past NEARJPY data that mirrors current conditions may offer valuable insight into the sustainability of the uptrend and the likelihood of additional upward movement.