- NEAR shows fresh strength as price moves higher and buyers defend key support to maintain a steady rise.
- Analysts believe a daily close above $3.00 could start a strong bullish wave toward upper resistance levels.
- If momentum continues NEAR could approach the $7.00 to $8.00 range marking a major upside breakthrough.
NEAR Protocol (NEAR) has regained upward momentum after a notable rebound, with price action signaling a potential breakout above $3.00. The move follows strong buying interest visible on Binance’s NEAR/USDT pair, where NEAR trades near $2.31 with a 2.7% daily gain.
A recent chart shared by World of Charts indicates that NEAR is bouncing within a symmetrical ascending channel, forming higher lows since September. The analyst noted that the next critical step for NEAR is to close above the horizontal resistance zone near $3.00. Once this area is cleared, the chart suggests an extended rally could unfold.
If NEAR closes a daily candle above $3.05, the analyst projects potential movement toward the $7.00 to $8.00 region. However, confirmation depends on sustained volume and a firm breakout from the multi-month consolidation zone.
Key Resistance Levels and Market Setup
Historical data shows that NEAR has repeatedly tested the horizontal area near $3.00 since early 2024. Each attempt to break above this level faced sharp rejection, leading to consolidation between $1.50 and $3.00.
Currently, the structure aligns with an accumulation phase, where gradual higher lows indicate strengthening demand. The trendline resistance above $8.00 represents a long-term ceiling that NEAR has not breached since early 2022.
The chart further displays a broad descending pattern stretching from 2022 to 2025, suggesting a potential reversal if NEAR confirms a breakout. The $3.00 mark acts as a midpoint pivot—failure to close above it may trigger renewed selling pressure back toward the $2.00 support line.
How long can NEAR sustain its upward momentum before facing resistance from broader market volatility?
Analyst Perspective and Potential Rally Targets
According to the analyst’s commentary, NEAR’s next move depends on how it reacts to the current horizontal zone. The trader highlighted that buying opportunities would emerge only after a confirmed close above $3.00. This zone serves as a breakout trigger for traders monitoring medium-term reversals.
The projection outlines a bullish target between $7.00 and $8.00 if the pattern holds. The structure resembles a compressed triangle setup, where extended accumulation often precedes explosive movement. Historically, NEAR has experienced rapid price surges following sustained consolidation, suggesting possible alignment with this technical behavior.
Trading volume remains a crucial signal for confirmation. A decisive breakout supported by volume expansion could validate the next leg upward, potentially attracting renewed investor participation. Conversely, a failure to sustain above $3.00 could delay the breakout and keep NEAR within its long-term range.
Overall, NEAR’s short-term structure favors an upside continuation scenario if it closes above $3.00, paving the way for a larger bullish formation that targets $7.00–$8.00 by 2026.
