- Bullish altcoin NEAR is done fighting resistance.
- Analysts look towards bull targets.
- Can NEAR hit new ATH prices over the coming months.
The crypto market just experienced a few days of falling crypto market prices, led by the bleeding prices of BTC and ETH. This leads analysts to believe that capital is rotating into altcoins from BTC and low risk assets, a thesis supported by the Russell 2000 rising and hitting ATHs of its own. One expert declares bullish altcoin NEAR is done fighting resistance, analysts look towards bull targets.
Bullish Altcoin NEAR Is Done Fighting Resistance
According to analytics, the price of NEAR is trading at $2.41, showing that the native token asset on the Near Protocol network is up by over 11% over the past 7 days. This shows that while the prices of BTC, ETH, and other altcoins fell over the past week, the price of NEAR only continued to rise at a significant pace, leading experts to expect a higher climb in NEAR prices over the coming days ahead.
As we can see from the post above, this reputed crypto trader and analyst says that NEAR is not fighting resistance anymore. He then shares a chart with the post and highlights how NEAR is trading below levels that were once major cycle tops, and that’s exactly why this chart is interesting. Back in 2021-2022, the $3.3 zone acted as a key pivot In 2024, the market rejected hard from the $8.9 region.
Today, NEAR is sitting near $2 while both of those levels remain untouched overhead, that creates a very clean roadmap. First target sits around $3.3, tot because it’s a random number but because that’s where previous support and resistance repeatedly changed hands. Above that, the real test begins The $8.9 area marked one of the most important rejection points of the last cycle.
Reclaiming this price range would completely change the long-term structure and likely attract a wave of momentum traders back into the market. So what were to happen if that level breaks? The chart opens up toward the $20 region, where the previous cycle peak still sits waiting. Right now, NEAR is still trading far below its major historical resistance zones, which is exactly what makes the setup worth watching.
Analysts Look Towards Bulls Targets
Similarly, another popular crypto trader and analyst says that he is very happy to have the largest position of his altcoin portfolio in NEAR. He highlights how NEAR finished a clear breakout upwards, and is now looking to continue flipping upwards. Technically, as long as the $2.20 level holds as support, day trade buy options should be strong, as the asset is aiming for a move to the highs at $3.08. That would equal a run of 35% – 50% on this one move.
