Technical analysis shows bullish momentum building with resistance levels ahead
NEAR Protocol’s native token, NEAR, climbed more than 6% in the last 24 hours, extending its rebound from the $2.40 support zone. The move highlights renewed bullish sentiment after weeks of consolidation, though resistance levels near $2.80 and $3.10 remain critical hurdles for further upside.
On the 4-hour chart, NEAR bounced from the $2.35–$2.45 support area, where buyers have consistently defended against deeper declines. The chart also shows heightened trading volumes during the bounce, signaling stronger conviction among market participants.
“As long as NEAR holds above the $2.40 region, the short-term structure remains constructive,” said  BITX market analyst. “We could see a test of $2.80 in the near term, but the bigger challenge sits closer to $3.10–$3.20, where selling pressure has capped previous rallies.”
Technical indicators show two major supply zones:
- $2.75–$2.85: A minor resistance band where sellers previously forced reversals.
- $3.10–$3.20: A stronger supply area that marked the last major peak.
For bulls, a clear breakout above $3.20 could signal the start of a broader recovery. Conversely, failure to break resistance may trigger a retest of the green support zone around $2.40.
Still, the technical setup favors the bulls in the short term. Holding above $2.40 and breaking $2.80 could open the door toward $3.20 targets, making the next sessions crucial for direction.
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.