- NEAR recovered above $2.70 after finding support near $2.30-$2.35, with $2.75-$2.80 now acting as resistance.
- Confidential TVL on NEAR reached $70M, with Michael van de Poppe highlighting continued fundamental growth.
- RSI reached 72.60 and MACD remained positive, showing strong momentum but also an overbought short-term condition.
NEAR Protocol has recovered above $2.70, while its confidential TVL reached $70 million. CryptoBullet linked the longer-term setup to an inverse head-and-shoulders pattern below $3. Meanwhile, Santiment Intelligence described the bounce as selective and tied recent NEAR moves to upgrade narratives and technical rotation.
NEAR Accumulation Structure
CryptoBullet said NEAR has printed an accumulation structure since March 2025. The analyst compared it with a classic inverse head-and-shoulders pattern below $3. However, CryptoBullet said the left shoulder would need a couple more months to form.
The analyst also said NEAR should break out in 2027. Separately, NEAR Protocol reported that confidential TVL on near.com reached $70 million. Michael van de Poppe called the numbers “phenomenal” and cited continued fundamental growth.
Santiment Tracks Selective NEAR Recovery
Santiment Intelligence said September’s pullback began before the CLARITY vote. Its seven-day screen showed red readings across the assets it tracked.
Meanwhile, Santiment said NEAR’s bounce appeared selective rather than reflecting broader market strength. It linked recent moves mainly to upgrade narratives and technical rotation.
Santiment also contrasted NEAR with PUMP and RAIN. PUMP’s weekly decline aligned with buyback and tokenomics concerns, while RAIN faced unlock and delisting pressure.
NEAR Price Pushes Above $2.70
On the one-hour chart, NEAR found support around $2.30 to $2.35 between Sept. 13 and Sept. 16. Price then moved through $2.40, $2.50 and $2.60. The move reached about $2.75 before trading around $2.735.
Volume also expanded, reaching about 325.12K, with several upward candles showing noticeable spikes. The one-hour RSI stood at 72.60, while its moving average was 71.39. The reading places RSI above 70, indicating an overbought condition.
However, RSI remained elevated without a clear collapse. The MACD stayed positive, with its line at 0.077 and signal at 0.068. Its histogram stood at 0.009, while the MACD line remained above the signal line.
Near-term resistance is around $2.75, followed by $2.80. Support has developed around $2.65 to $2.70, with deeper support near $2.60. Rejection near $2.75 to $2.80 could lead to consolidation or a pullback.
