- NEAR price declines heavily alongside promising market assets.
- Bullish analysts remain positive for new ATH targets for NEAR.
- NEAR and a few other altcoins could surge soon.
The crypto market continues to see a steady decline in prices, led by the heavy price dips in the value of both the pioneer crypto and altcoin assets. Currently, the price of BTC is barely clinging to prices above $60,000, while ETH trades at $1,600 price ranges. Accordingly, other altcoins including NEAR price declines heavily alongside promising market assets, despite which bullish analysts remain positive.
NEAR Price Declines Heavily Alongside Promising Market Assets
According to CoinMarketCap analytics, the price of NEAR is currently trading at $2.07, marking a fall of over 11% in the past 24 hours. In the long run, the asset is down by over 16% in the past 7 days, but over 45% over the past 30 days. This is likely why popular crypto and altcoin analysts in the space continue to remain bullish over the price of NEAR for the coming days and weeks ahead.
Initially, hopes for altseason was very high when the price of ETH was holding strong above the $2,000 price range/ However, now with the heavy fall in both BTC and ETH prices, expectations have fallen, leading to a sharp rise in fear sentiments for the crypto market. Despite this, most analysts remain stubbornly bullish, not only for a handful of altcoins showing strong pump patterns, but for the entire crypto market as a whole.
As we can see from the post above, this popular crypto and altcoin analyst shed light on the NEAR price chart, saying that this asset’s price chart looks boring until one zooms out. By doing so, traders and investors will suddenly realize how NEAR has been building the same roadmap for years. While it is no secret that the market loves chasing new narratives, it is also clear that some of the biggest moves come from assets that spend years quietly preparing for them.
Bullish Analysts Remain Positive
According to the expert, the NEAR chart highlights three major historical levels. The first target sits at $7.45, and this zone marked a critical reaction point during the previous cycle and represents the first major test for any long-term bullish continuation. Reclaiming it would signal that the current recovery is no longer just a bounce from the lows. It would be the beginning of a much larger structural move.
Likewise, the second target stands at $9.03. Historically, this level acted as a major supply zone where rallies struggled to maintain momentum. Breaking above it would remove one of the last significant resistance barriers before the chart opens toward higher valuations. But the real prize sits much higher, this is where target three is located at $20.59. Can NEAR surge above this final target and set new ATH prices this year?
