NEAR shows resilience above key demand zones, with traders watching for a potential move toward $3.10 resistance.
NEAR Protocol (NEAR) has managed to stabilize after a volatile few sessions, with price consolidating near $2.78 at the time of writing. The token has shown strength by defending the $2.60 support area, suggesting buyers are active in this critical range.
The 4-hour chart shows that NEAR recently rebounded from the green demand zone around $2.60–$2.65, a level where the market has seen consistent accumulation. The price previously rallied above $3.00, but faced rejection near the $3.10 resistance, marked by heavy selling pressure.
“The consolidation between $2.60 and $3.10 highlights the ongoing battle between buyers and sellers,” According to BITX . “A clean break above $3.10 would likely confirm a bullish continuation, while a drop below $2.60 could expose NEAR to deeper retracements.”
Immediate support is seen at $2.60, followed by a stronger cushion near $2.30, highlighted by the brown zone on the chart. On the upside, resistance remains firm at $3.10, a level NEAR has tested multiple times but failed to sustain. If buyers manage a breakout, the next upside target could extend toward $3.30–$3.50.
Earlier in July, NEAR broke out of a rising channel pattern, sparking a strong rally toward $3.10. However, subsequent pullbacks indicate that sellers remain active near local highs. Still, as long as NEAR trades above $2.60, the bullish bias remains intact.
“Momentum has shifted in favor of the bulls as long as $2.60 holds,” According to BITX . “Traders should watch for volume expansion near $3.10 to confirm the next major move.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.