What to know:
- NEAR Protocol (NEAR) shows a bullish breakout after multi-month accumulation, signaling continued upward momentum.
- Analysts see potential cycle expansion, with targets between $10 and $20 under strong conditions.
- Technical indicators show NEAR above key EMAs (20, 50, 100, and 200-day), confirming a bullish reversal.
NEAR Protocol (NEAR) shows a bullish long-term outlook with potential for continued cycle expansion. Analysts note disciplined profit-taking while maintaining exposure, alongside strategic re-entry planning. Recent breakout signals strong upward momentum for the NEAR price after accumulation.
At the time of writing, NEAR is trading at $2.43 with a 24-hour trading volume of $845.4 million and a market capitalization of $3.15 billion. After the loss of 1.37% over the last 24 hours, the question is whether the token could maintain its bullish recovery or lead to deeper retracements.
Source: CoinMarketCap
Also Read: NEAR Price Eyes $2.50 Breakout Amid Bullish Momentum and Network Growth
NEAR Price Structure Hints at a Rally to $20
According to the crypto analyst Michaël van de Poppe, the NEAR price chart has seen a tactical portfolio adjustment from a trader who sold 30% of their NEAR at $2.20.
The move is framed as disciplined profit-taking rather than a change in conviction, with the long-term outlook still pointing toward a potential cycle expansion between $10 and $20 under strong market conditions.
This strategy revolves around risk management through proactively reducing portfolio variability during periods of market bullishness.
This is achieved by booking profits gradually as momentum develops, thus ensuring that liquidity is preserved in the trader’s hands for subsequent action. It is more about creating smooth equity curves than maximizing returns through one big move.
Source: Michaël van de Poppe’s X Post
The re-entry of interest lies in the range of $1.60 to $1.80, with more accumulation taking place in the lower end under $1.80 depending upon market structure.
Further reduction through selling is planned around the $2.50 to $2.70 levels and once again at $3.00 to $3.25, reducing the position by about half. It is likely that there will be some consolidation after a brief decline.
NEAR Price Breakout Reveals Strong Upward Potential
According to TradingView, a powerful upward breakout by the NEAR price has emerged due to accumulation in the form of a round bottom over several months.
The NEAR price started with a good support level of 0.8500 in February as the asset was consolidating and forming higher bottoms. However, with mid-May, the asset had witnessed a sharp rise driven by high buying power, leading it to a target of 2.45150.
Source: TradingView
Such a sharp rise in the NEAR price indicates that it has surpassed not only its 20, 50, 100, and 200 EMA but also the structure of the market.
The NEAR price is pushed to the top of the Bollinger Bands, which are rapidly expanding, and now it is trading at 2.28849. Due to such a strong push beyond the moving averages, there may be a short-term consolidation or retest.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: NEAR Price Breakout Signals Rally to $8 as Bullish Momentum Accelerates
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