NEAR price is gaining attention after a sharp recovery, with analysts identifying a potential macro double-bottom structure that could support further upside. At the same time, growing activity on NEAR Intents is adding fundamental context to the improving market outlook.
NEAR Price Forms Macro Double Bottom
Analyst CryptoBullet highlighted a potential giant double-bottom formation on NEAR’s macro chart. The analyst identified $8 and $20 as major levels to watch, while also pointing to a longer-term possibility of NEAR reaching the $30–$40 range and potentially setting a new all-time high.
Source: Analyst CryptoBullet X post
As this pattern occurs after a phase of weakness and consolidation, it is clear that this most recent rally is quite significant in relation to the overall structure. In order to confirm a double bottom pattern, price needs to move beyond the level of resistance between the two lows.
Regarding the NEAR price, the next test will be that of sustaining the ongoing recovery and creating stronger support as the market moves up.
NEAR Intents TVL Surpasses $207 Million
Following the improvements in the technical architecture, NEAR’s ecosystem has also been exhibiting signs of activity. According to MSB Intel, NEAR Intents has now reached a total value locked of more than $207 million.
The emphasis on intents-based transactions in NEAR Intent enables users to define the intended result of the transaction while the underlying system takes care of executing the transactions between different chains.
The growing TVL provides further fundamental basis to the existing price structure for NEAR. An increasing TVL may point toward increased capital investment in an ecosystem, but it doesn’t influence the value of NEAR directly.
Also Read: NEAR Protocol Sees Positive $70M TVL Growth Surge in 2026
Recent Market Momentum Supports the Setup
The price movement of NEAR has picked up speed since the start of September. The token had been trading at about $2.33 on September 15 but moved up to about $4.17 by September 20.
These gains are most pronounced from September 17 to September 18, when NEAR made gains of over 16% and 19%, respectively. A retracement on September 19 saw the coin make gains the following day.
The heightened volatility demonstrates a stronger participation in the markets for NEAR. The important factor will be whether buyers can sustain the higher levels or let the gains retrace back to where they started.
What Happens Next for NEAR Price?
The NEAR price now benefits from both technological and ecosystem factors for market attention. The double bottom strategy explained by Crypto Bullet sets up the chart basis, while the $207 million TVL mark of NEAR Intents speaks of increased ecosystem activity.
The subsequent stage will be contingent on NEAR’s ability to retain its latest gains and generate further higher levels. Any further advance in NEAR Intent will serve as a good fundamental indicator, whereas a failure to retain its latest levels will adversely impact the present setup.
From the trading point of view, $8 and $20 will be the two important upside references provided by Crypto Bullet, whereas the $30-$40 level will be a more prolonged one and needs confirmation.
Also Read: NEAR Price Eyes $20 as W Pattern Emerges Amid Rising Activity and Growth
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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