- NEAR is testing key support at $2.14, with a bullish reversal possible, aiming for a 125% upside to $5 in the coming months.
- A “Falling Wedge” pattern suggests NEAR could soon break upward, with increased volume and market sentiment supporting a potential rise.
- With price action near $2.14 support, NEAR could target resistance at $3.648 and $5.570, signaling potential growth to $7.03.
According to Popular analyst Lucky, NEAR ($NEAR) is currently testing critical support levels around $2.14, a key price point for potential reversal. The token has been consolidating within a “Falling Wedge” pattern since December 2024, indicating a possible upward move. With market sentiment shifting positively, analysts predict that NEAR could soon rise above $5, offering a potential 125% upside. The price has already demonstrated distinct technical patterns, signaling a potential shift in direction.
The “Falling Wedge” pattern, forming over the last few months, has shown consistent price compression, typical of impending directional shifts. This structure suggests that NEAR might soon break out to the upside. Previous breakouts in November 2024 and March 2025 marked price movements, though they lacked the momentum to sustain long-term growth. Currently, NEAR’s price hovers near the support zone, ranging from $2.14 to $2.15. This zone is crucial for the potential reversal. If NEAR holds this support, an upward move could follow.
Market Sentiment and Key Resistance Levels
Recent price action shows increased volatility, with larger candle ranges appearing near the support area. Although recent attempts to break out failed, the market sentiment has begun to shift. Additionally, the trading volume around the $2.14 support area has surged, indicating heightened interest in NEAR at these levels.
This could signal an upcoming reversal. The historical resistance levels at $3.648 and $5.570 represent the next targets if the price moves upward. In the coming months, NEAR could potentially test the $7.03 level, marking an impressive 225% upside from current levels.
