Strong rebound lifts NEAR toward resistance zones
NEAR Protocol (NEAR/USDT) is trading around $2.71 after a sharp rebound from recent lows, as buyers continue to push the token toward significant resistance. The recovery has been fueled by consistent demand near the $2.30–$2.40 support range, which has acted as a strong base for bullish momentum.
The chart shows NEAR testing resistance just below $2.80, a price zone that previously capped rallies in late August. A successful breakout above this level could open the door toward the $2.90–$3.00 area, followed by a more critical hurdle near $3.20, highlighted as a major supply zone.
BITX technical strategist explained, “NEAR’s ability to reclaim $2.70 suggests that buyers are regaining control. The next battleground is $2.80, which, if broken, could shift sentiment more decisively bullish.”
The green support zone between $2.30 and $2.40 has repeatedly cushioned price declines. This area has now become a foundation for bulls, with volumes showing a clear uptick during rebounds from this level.
BITX analyst noted, “As long as NEAR holds above $2.40, the short-term structure remains positive. Losing this support, however, could expose the market to deeper pullbacks toward $2.10.”
NEAR’s strong rally in July, marked by a steep ascending channel, set the stage for its recent consolidation phase. The latest breakout above $2.60 indicates renewed strength, with higher lows forming since early September.
Experts underline that trading volumes and consistent buyer activity near support zones are keeping NEAR’s bullish case intact. Still, traders are closely monitoring whether the token can sustain momentum beyond resistance.
For now, NEAR remains in a constructive uptrend. If the price secures a daily close above $2.80, further upside toward the $3.00–$3.20 region looks likely. Failure to clear resistance could trap the token in a consolidation range between $2.40 and $2.80.
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.