- NEAR Protocol’s long-term triangle pattern shows a bullish reversal, with traders targeting $7.7, $16.7, and possibly $50 in coming cycles.
- The price is stabilizing around the $2.50 support zone, where sustained buying activity indicates strong demand and renewed market confidence.
- NEAR remains among the top daily gainers, recording a 33% surge with rising trading volume and strong investor participation across exchanges.
NEAR Protocol is showing renewed market strength as buyers return to defend key support levels. The token’s breakout structure and rising trading volume suggest growing optimism for a sustained bullish continuation in the coming sessions.
Long-Term Structure Shows Bullish Reversal Potential
NEAR has been consolidating within a symmetrical triangle This formation often represents a continuation or reversal phase. The lower boundary between $1.90 and $2.50 has served as a consistent support level, providing a base for accumulation.
Analyst CryptoPatel noted that the structure is now turning bullish, citing a rebound from the triangle’s lower trendline. A confirmed breakout above $5 could initiate an upward leg toward $7.7, $16.7, $30, and potentially $50.
Sustained momentum above the triangle resistance could confirm a macro uptrend,and strong buy-side activity.
Short-Term Chart Indicates Controlled Correction
NEARs recent surge from the $1.90–$2.00 zone to $2.75, supported by rising trading volume reflected a strong bullish impulse. The price then retraced to test $2.45 and $2.60 demand zone which aligns with a former resistance level.
A successful rebound from this region may lead to a retest of $2.80 and $3.00,however, a drop below $2.45 could open a path toward the $2.00–$2.20 area,where further accumulation may occur.Traders continue to monitor the $2.50 support zone for signs of renewed buying momentum.
NEAR Among Top Gainers as Volume and Market Cap Rise
NEAR Protocol has shown strong performance across major exchanges .Trading near $3.03 the asset recorded a 33% intraday surge. Its market capitalization stands at $3.88 billion, with a trading volume of $1.98 billion,all these are indicating robust liquidity.
Although NEAR’s percentage gain trails behind Filecoin and ASI Alliance, the consistent upward movement demonstrates continued investor interest. The token’s hour-on-hour rise of 4.3% suggests that bullish momentum is still building across multiple timeframes.
Ecosystem growth,DeFi integrations and Layer-1 advancements can be the cause of this surge. Sustained buying pressure above $3.00 could support an advance toward $3.50–$4.00. As the bullish sentiment strengthens, $NEAR remains a closely watched asset among traders expecting extended upside potential.
