NEAR is trading at its weakest level since October 10 as intentions and turnover gains, with bulls betting on a 20-day MA reclaim and a range break, could mark a major bottom.
Summary
- NEAR has fallen to its lowest level since October 10, while network intent and revenue are growing at triple-digit monthly rates, creating a sharp gap between usage and price.
- Van de Poppe marks the current zone as the strongest accumulation cluster since October-November, with buyers defending key liquidity and looking to a 20-day MA clawback for confirmation.
- A break above resistance in the short term would reopen the broader trading range towards previous highs, while a failure will see NEAR compress into a lower demand zone until buyers regain momentum.
Analyst Michaël van de Poppe reported that NEAR (NEAR) intentions are increasing at triple-digit rates every month, even as the token’s price continues to trade in a multi-week range. The difference between network usage and price performance has created conditions that analysts say often precede significant price movements.
Near Protocol shows signs of stabilization
Van de Poppe stated that NEAR is showing the first signs of stabilization after a prolonged decline. The analyst noted that consolidation at current levels could indicate increasing strength, especially if the price moves above the 20-day moving average. According to Van de Poppe, a breakout above this short-term trend indicator would be one of the first signals that momentum is shifting.
A move above nearby short-term resistance would put NEAR back within its broader trading range, potentially opening a path to previous highs, the analyst said. Van de Poppe described the current structure as the strongest accumulation cluster since October and November, with buyers defending the liquidity zone where recovery previously started.
However, if this area is not reclaimed, NEAR will remain in a lower demand zone, where further price compression could occur, Van de Poppe said.
Chart data shows that a sharp downtrend dominated NEAR’s price action in October and November, with a series of lower highs and lower lows. Volume increased during the final stages of the decline, which analysts interpreted as a potential capitulation. Since then, the price has started to level off, forming a short-term base and trying to regain previous breakdown levels.
Technical indicators show repeated tests of a lower band, indicating that this area has become a key support level. According to the technical analysis, a sustained move above the 20-day moving average would mark the first meaningful shift in momentum in several weeks.
If NEAR clears the key resistance area, the broader trading range will reopen and a move toward previous highs in the range will become possible, analysts said. If the breakout fails, the price may continue to compress until buyers build enough momentum to challenge the resistance again.
With network activity accelerating and market structure tightening, the next breakout attempt will likely determine whether the multi-week decline represents a long-term bottom or a temporary pause, market observers said.
