- NEAR broke a descending trendline capping price since February, reaching $3.34 before pulling back toward the $2.75–$2.90 demand zone.
- A hold above the $2.75–$2.90 zone may confirm the breakout, setting targets at $3.60 with potential extension toward $4.20.
- Losing $2.75 could invalidate the breakout, leading price back into consolidation between $2.40–$2.70 or deeper toward $1.83.
NEAR Protocol has broken out of a multi-month descending trendline, with price now testing the $2.75–$2.90 demand block. Traders are closely monitoring whether this level holds to confirm a continuation toward higher resistance zones.
Multi-Month Downtrend Breaks
A technical update from CryptoPulse noted that NEAR recently surged above a descending trendline that had capped price since February. Such structures, once broken, often provide strong continuation signals, provided retests confirm new support.
Following the breakout, NEAR reached approximately $3.34 before beginning a corrective move. This retracement is viewed as a typical price action response, where former resistance levels often transform into demand zones during retests.
The breakout structure now aligns with the $2.75–$2.90 zone. This range also coincides with earlier price congestion, suggesting a strong area of demand that buyers may defend.
Key Retest Zone in Focus
CryptoPulse outlined the importance of the $2.75–$2.90 green zone. A sustained hold above this level could strengthen buyer conviction and confirm the breakout structure.
If NEAR maintains this zone, immediate upside resistance is expected at $3.60, with an extended move potentially targeting $4.00–$4.20. These levels have not been seen since the start of 2025.
On the contrary, if price closes below $2.75, the breakout would be invalidated. In such a scenario, NEAR could retreat into a consolidation phase between $2.40–$2.70, with the risk of a deeper test toward the $1.83 long-term support floor.
Momentum and Levels to Watch
The breakout was accompanied by a visible volume spike, indicating strong initial conviction from market participants. A pullback on lower trading volume may support the bullish retest case.
Market watchers suggest that daily and 3-day closes above $3.00 will serve as confirmation of continued strength. Sustained closes above this level could build confidence in the next leg higher.
For now, support is established at $2.75–$2.90. Resistance lies at $3.60 and $4.00–$4.20. Invalidation remains below $2.75, which could send NEAR back into its broader consolidation range.
