- NEAR sits at the same level that acted as support for over a year.
- Can the altcoin hold its price and surge soon?
- NEAR prepares for a possibly bullish rise to $8 target.
As crypto prices continue to drop, Bitcoin, Ethereum, and nearly all other altcoin prices are trading at lower targets, leading to extreme fear sentiment rising within the crypto space. Meanwhile, a handful of promising altcoins remain tentatively bullish. To highlight, Near Protocol’s NEAR sits at the same level that acted as support for over a year. Can the altcoin hold and surge in price soon?
NEAR Sits at the Same Level That Acted as Support for Over a Year
Ever since the brutal $20 billion liquidation event in October 2025, the crypto market has been steadily falling into what bearish analysts are calling the bear market phase of the traditional 4-year bull cycle. At the moment, the market seems to be moving towards having the pioneer crypto asset making its final move towards setting a bottom price, likely in the $40,000 price range.
Despite the falling altcoin prices, including the pioneer altcoin asset, Ethereum (ETH), and many other promising altcoin assets like XLM and XRP, most altcoins, including the aforementioned assets, continue to show strong bullish signals for the coming weeks and months ahead. Most altcoin experts believe that one final dump will occur before altcoin prices will surge, likely to set new ATHs.
Can the Altcoin Hold and Surge in Price Soon?
Over the past month or so, several promising altcoins went on to set new yearly highs, including NEAR, XLM, HYPE, and many others. While these tokens are currently moving at a much slower pace and dipping to lower targets, the signals and bullish indicators on their price charts point towards bullish price pump possibilities over the coming weeks and months, and NEAR is among the most bullish.
As we can see from the post above, this expert highlights how NEAR is sitting on the exact level that has acted as support for over a year. The asset’s price spent months trading below the $1.8 area building a large accumulation range while most market participants lost interest. Now, it is seeing the first reclaim of that level and if bulls can hold this support and turn it into a base, the chart opens up dramatically.
The post concludes saying that the next major resistance doesn’t appear until the $8 – $8.5 price range for NEAR, the same area that rejected every rally throughout 2024 and early 2025. That’s roughly a 4-5x move from current levels. What makes this setup interesting is the multi-month accumulation below support. Reclaiming this historical level could allow NEAR to enter one of the cleanest asymmetrical setup in the market right now.
