- NEAR is trading around $3.23 after a 30% gain over the past weeks.
- Strong resistance is seen between $3.35 and $3.50, a key breakout zone.
- Price is holding above key moving averages, supporting the bullish trend.
- Bollinger Bands are widening, signaling increased volatility near resistance.
NEAR is showing renewed strength in the crypto market as the price continues its upward trend, now approaching a key resistance zone. The asset is currently trading around $3.23, after gaining almost 36% over the last weeks. Technical signals suggest that traders are eyeing a potential breakout, but overhead pressure near the $3.35–$3.50 range remains a major hurdle.
$3.50 Barrier Holds the Key for NEAR’s Next Move
According to the latest 4-hour support and resistance chart, NEAR is facing a cluster of historical resistance levels stacked closely between $3.35 and $3.50. This zone has acted as a ceiling during previous rallies, making it a critical area to watch.
If bulls manage to push above this region with strong volume, the next potential target lies near the $4.00 mark. On the downside, well-established support zones are present around $2.20 to $2.60, which could act as safety nets during a pullback.
Technical indicators are leaning in favor of the bulls. On the second chart, which includes moving averages and Bollinger Bands, NEAR is trading above its key moving averages, including the 10, 20, 50, and 200-period SMAs. The 50-period SMA at $2.82 and the 200-period SMA at $2.44 confirm a bullish crossover earlier this month. This pattern generally supports further upward momentum.
The Bollinger Bands are also expanding, indicating rising volatility. The upper band currently sits around $3.33, aligning with the horizontal resistance seen on the multi-timeframe chart. This overlap strengthens the importance of the $3.30–$3.50 resistance zone. A breakout above this level could trigger increased buying interest and shift sentiment toward a medium-term bullish outlook.
For now, NEAR Protocol is in a strong position technically, but traders will be watching closely to see if the asset can clear the resistance wall ahead. Failure to do so might prompt a short-term correction toward $3.00 or lower, though trend support is holding well above the 50 and 200 SMAs.
As of now, NEAR remains one of the more active altcoins, with price action and volume both supporting the current bullish narrative.
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