NEAR Protocol & LayerZero Prices Test Key Resistance After Recent Rallies – How High Can These Cryptos Go?

Popular cryptos, NEAR Protocol (NEAR) & LayerZero (ZRO), are drawing attention after their recent rallies, bringing them close to a crucial resistance level. NEAR broke above a long-term descending trendline, while the ZRO price is testing the $2.30 to $2.37 zone after recovering from the recent lows. While growing activity across NEAR Intents adds a fundamental angle to the price recovery, ZRO traders must weigh the improving technical set-up against an upcoming token unlock. Therefore, the next move will depend on whether buyers can maintain the momentum and push prices beyond these barriers. 

NEAR Breaks Long-Term Downtrend, Bringing $6 Resistance into Focus

NEAR price has broken above a multi-year descending resistance trendline on the weekly chart, putting the broader bearish structure under pressure. The move marks a potential shift in the prevailing trend, although confirmation will depend on whether buyers can sustain the breakout beyond the immediate resistance zone. NEAR is trading near $5.66, with the $5.97 to $6 region emerging as the next critical hurdle. A sustained weekly close above this area would strengthen the bullish setup and open the door for further recovery.

However, derivatives positioning suggests that the move warrants closer scrutiny. Open interest stands near $59.05 million, while the negative cumulative volume delta (CVD) reading points to persistent aggressive selling despite the price advance. This divergence raises the possibility that the rally is facing underlying sell-side pressure. A decisive move above $6, supported by improving order-flow conditions, would strengthen the breakout case; failure to clear resistance could leave NEAR vulnerable to consolidation and a retest of the reclaimed trendline.

ZRO Tests Range Resistance as $3.20 Comes Into Focus

LayerZero (ZRO) is attempting to extend its recovery after breaking above the $2.30 to $2.37 resistance zone, which had capped previous advances. The daily chart shows improving bullish momentum, with the MACD remaining in positive territory as price approaches the next major resistance near $3.20. However, the recent contraction in the MACD histogram suggests that upside momentum may be moderating, making follow-through above the breakout zone important for sustaining the move.

Derivatives positioning adds another variable to the setup. Open interest has recovered to approximately $23.45 million, indicating increased participation, although it does not establish whether traders are predominantly positioned for further upside. ZRO’s upcoming October 20 token unlock also warrants attention, as additional supply can influence price action around resistance. A sustained hold above $2.37 would strengthen the breakout scenario toward $3.20, while a move back below the reclaimed zone would raise the risk of a failed breakout and renewed consolidation.

What’s Next For NEAR Protocol & LayerZero Price?

NEAR and ZRO present different opportunities within the current altcoin market, with NEAR’s long-term trend reversal attempt contrasting with ZRO’s effort to sustain its recovery. Beyond price action, NEAR’s growing ecosystem activity and ZRO’s upcoming token unlock offer contrasting fundamental factors that could influence market sentiment. The broader outlook will depend on whether network adoption translates into sustained token demand and whether improving technical structures attract follow-through buying. For traders, the focus remains on breakout confirmation, derivatives positioning and the potential impact of changing token supply.

Story Ends Here

Read the Next News