NEAR Price Stabilizes Near $2.50 Amid Renewed Market Volatility
NEAR Protocol (NEAR) is showing early signs of recovery after last week’s sharp market correction that dragged prices briefly below $1.50, marking one of the largest intraday drops of the quarter. As of Monday, the token has rebounded to around $2.49, reclaiming a crucial technical support zone highlighted by traders.
Friday’s sell-off triggered widespread liquidations across the crypto market, led by Bitcoin’s flash dip below $105,000. NEAR, which had been consolidating between $2.40 and $3.20, saw intense volatility as buyers stepped in near the major demand zone around $1.70, a level that has historically acted as a strong base for accumulation.
Technical Outlook: Key Levels in Focus
Price charts show NEAR finding support near the orange zone ($1.70–$1.90), an area that coincides with high trading volume from early April. The green mid-range band ($2.40–$2.80) now serves as a pivot point — a decisive close above this level could signal renewed momentum toward the $3.40 resistance zone, highlighted in dark red.
Market analysts note that NEAR’s long-term descending channel, which dominated price action from January through April, has been broken, suggesting that downward pressure may be easing. However, sustained strength above $2.80 remains key to confirming a broader bullish reversal.
“The rebound shows strong buyer interest returning to the $2 range,” said BITX market strategist. “But unless NEAR reclaims and holds above the $3 mark, the recovery could remain range-bound.”
Despite the broader market’s uncertainty, on-chain data indicates increased accumulation by mid-sized wallets, suggesting confidence in NEAR’s longer-term fundamentals. Trading volume also spiked significantly during the sell-off, signaling that panic selling may have flushed out weaker hands.
“This type of shakeout often precedes a period of stabilization,” According to BITX technical analysts, adding that if Bitcoin remains stable, NEAR could test $2.80–$3.00 again in the coming days.
With the project’s continued focus on scalability and developer adoption, traders are watching to see whether NEAR’s recent recovery can evolve into a sustained trend — or if resistance levels will cap the move once more.
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.