- NEAR trades at $3.03 after gaining 2.33%, with charts showing a 35% upside move if support holds.
- Analysts see NEAR targeting $3.87 resistance after consolidation while buyers defend the $2.80 support zone.
- Technical data indicates NEAR may test higher ranges if momentum is sustained and the trendline continues to provide support.
NEAR Protocol’s native token, NEAR/USDT, is bouncing from a key trendline, signaling potential upside continuation as long as support holds. Technical charts show resistance overhead, yet analysts expect further strength if the bullish structure remains intact.
Trendline Bounce and Key Levels
TradingView data reveals NEAR testing critical price zones after a rebound. The token trades near $3.03, marking a 2.33% daily gain. A highlighted chart projection indicates an expected rise of 35.13%, targeting $3.87 if momentum persists.
Historical data shows NEAR faced resistance near the $3.90 zone, with earlier peaks above $7.00. Current price action follows several months of consolidation. The token’s recent structure shows repeated tests of descending resistance lines, forming a possible breakout setup.
The analysis emphasizes the importance of trendline strength. If NEAR maintains above this trendline, it may attract buyers seeking continuation. On the other hand, failure to sustain could risk invalidating the bullish view.
Market Structure and Resistance Ahead
The chart shared on X by World of Charts highlights NEAR’s progress since mid-September. Analysts noted a 35% profit run already recorded, aligning with anticipated technical setups. This confirms prior expectations of a bullish continuation.
Resistance remains near $3.87, aligned with prior support turned resistance. This level stands as a deciding point for momentum traders . Breaking above could push NEAR toward higher ranges, with eyes possibly on the $5.00 mark over time.
For now, the technical projection shows a possible retracement before continuation. A dip and rebound pattern remains drawn, implying caution for short-term traders. Buyers may defend near $2.80, a key zone before momentum resumes upward.
The token’s path reflects both optimism and uncertainty. Each rally phase encounters challenges at resistance lines. Yet, buyers have repeatedly stepped in around support, strengthening the bullish argument.
Broader Sentiment and Technical Outlook
World of Charts emphasized that NEAR is “bouncing from trendline, expecting upside continuation, as long as it’s holding trendline.” This view underscores how vital technical levels are in shaping trader behavior.
The broader market has seen volatility in recent sessions, making trendline structures critical for identifying continuation. NEAR’s ability to sustain above key supports builds confidence in potential breakout scenarios. Such levels often guide institutional traders and technical analysts alike.
Yet, the key question remains: can NEAR overcome strong resistance zones and sustain momentum beyond short-lived rallies? The answer lies in volume confirmation and consistency above breakout points.
At present, the technical setup suggests controlled optimism. A decisive close above $3.87 would validate bullish outlooks. Meanwhile, failure at that zone could reinforce prolonged consolidation below $3.50. Traders are watching closely for confirmation in the coming weeks.
