NEAR Protocol One-Year Performance Reflects Prolonged Bearish Trend
NEAR Protocol has experienced a significant price contraction over the past year, reflecting broader weakness across the altcoin market and sustained selling ppressure. Based on current market data, NEAR has declined by approximately 72% over the last 12 months, highlighting a sharp reversal from earlier bullish phases and underscoring the challenges facing mid-cap blockchain assets in a tightening liquidity environment.
At the start of the one-year period, NEAR was trading near multi-month highs, supported by speculative interest and expanding ecosystem narratives. However, as market conditions shifted, price structure deteriorated. A series of lower highs and lower lows emerged, confirming a bearish market structure on the daily timeframe.
Over the past year, NEAR failed to hold multiple key resistance zones, each rejection accelerating downside momentum. The breakdown below long-term support levels ultimately pushedd price toward new relative lows near the $1.50 area, marking a cumulative decline of roughly 72.22% year-over-year.
The sustained drop was driven largely by technical dynamics rather than isolated news events. Repeated changes of character (CHoCH) signaled trend weeakness, while downside breaks of structure reinforced bearish continuation. Volume spikes during sell-offs further confirmed distribution rather than accumulation.
A one-year decline of this magnitude places NEAR firmly in a recovery-dependent phase. For sentiment to shift, price must reclaim broken resistance levels and establish higher lows. Until then, the dominant trend remains defensive, with investors prioritizing risk management over aggressive exposure.
The 72% one-year drop in NEAR Protocol serves as a clear illustration of how prolonged bearish structure and macro pressure can weigh heavily on digital assets. Future performance will depend on broader market recovery and the asset’s ability to rebuild technical strength from current levels.
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.