NEAR Protocol at a Bullish Crossroads: Will $2.283–$2.923 Zone Trigger a Breakout?

NEAR is forming higher lows near $2.417, but bulls must hold $2.283 to confirm a shift from compression to breakout.

Price action near $2.450 reflects a critical demand zone, with potential for either rebound or deeper retracement if broken.

A confirmed push above $2.923 could unlock targets up to $6.043, mirroring mid-cycle resistance seen in past recovery phases.

NEAR Protocol is consolidating between crucial levels, with bullish setups forming, but confirmation remains elusive. Traders now eye the $2.283–$2.923 zone as a pivotal range that could define short-term direction.

Higher Low Structure Faces First Test

NEAR is hovering near $2.417, after sliding 1.83% on the day. Price has bounced between $2.374 and $2.480, creating compression within a historically reactive range. Recent candles show lower volatility, suggesting traders await a breakout confirmation.

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As we can see from the post above, a savvy price tracking analysis from Lennaert Snyder highlights a shift in momentum. The expert noted NEAR has broken above a key daily swing high, effectively snapping its long-term downtrend. According to the analyst, the current price action now seeks a higher low to validate this structure.

This may be pointing to a major inflection or the start of broader structural shifts. Should bulls defend the $2.283–$2.062 zone, known historically as a strong accumulation band, a potential rally could re-target $2.923. The expert emphasized that reclaiming $3.668 would open the door to $4.830–$6.043, areas where past rallies have previously paused.

Momentum is building, and some expect the next leg up could redefine resistance levels. Yet, risks remain on the table if certain market pressures continue unchecked. A breakdown below $2.062 could drag NEAR toward untested support near $1.60, where sentiment may quickly sour.

Straightforward Charting Highlights Decline

Taking this idea to the next level uncovers a contrasting observation from chart analyst Waleed Ahmed. His minimalistic view shows NEAR approaching a multi-tested support floor near $2.450. This aligns with ongoing behavior seen across key charts and flows.

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While not everyone agrees, many voices suggest this could mark a turning point. His chart shows that $10.50 remains the ultimate resistance, with several failed attempts from earlier highs. Between $4.000 and $6.000 lies a dense supply zone that previously led to sharp rejections.

Even with the current gains, there's still room for retracement if sentiment weakens. The recent decline from $10.50 to $2.454 confirms the prolonged bearish cycle, with little structural strength regained. Still, a sustained bounce from $2.450 could form the base for a gradual recovery.

Market Awaits a Strong Signal

Looking at it from another angle reveals the market is still waiting for volume to confirm the shift. No candlestick has convincingly broken above May’s highs, indicating trend confirmation remains pending. Across the ecosystem, participants are reacting to what many view as a game-changing phase.

Recent data mirrors what’s been consistently observed in prior cycles. The pattern continues to unfold as expected, reinforcing earlier reads on the trend. Yet, there's more to address before concluding.

According to analysts, NEAR now sits at a structural midpoint. A break above $2.923 could trigger fresh upside, while failure below $2.062 risks broader breakdown. There’s a growing belief among market watchers that this moment may shape what follows

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