NEAR Protocol Shows Strength as Buyers Defend Critical Levels
NEAR Protocol (NEAR) has regained momentum after bouncing from its support zone near $2.35, climbing back toward the $2.50 mark where it has now entered a consolidation phase. The move highlights increased buying interest at lower levels as traders watch whether the token can sustain its recovery.
Over the past month, NEAR has tested multiple support areas, with $2.30–$2.35 emerging as a strong demand zone. This zone has repeatedly prevented further downside, enabling the token to stage rebounds. The current price action reflects cautious optimism, with NEAR holding steady despite broader market volatility.
The chart shows that NEAR previously rallied sharply in July, breaking above key levels and reaching a peak near $3.20 before facing heavy selling pressure. Since then, the price has been trading within a defined range, with resistance around $2.75–$2.85 and a higher ceiling near $3.10–$3.20.
“The $2.50 level is now acting as a midpoint in NEAR’s structure. A sustained breakout above $2.75 would signal renewed bullish momentum, while a failure to hold $2.35 could expose the token to deeper corrections,” BITX market strategist noted.
Trading volumes have remained steady, reinforcing the idea that buyers are defending the current range. If NEAR continues to consolidate above $2.50, it may set the stage for a potential rally, particularly if overall sentiment in the altcoin market improves.
In conclusion, NEAR’s rebound from $2.35 support and its ongoing range around $2.50 underscore its resilience.According to BITX analysis Traders are closely monitoring whether the token can push toward the $2.75 resistance zone, which would mark a significant step toward reclaiming bullish territory.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.