NEAR Protocol (NEAR) price continued to climb following its confirmed breakout from the bullish Cup & Handle formation on the daily timeframe. According to analysts, such a pattern was responsible for an incredible bull run in which buyers dominated even in overbought conditions.
At the time of writing, the NEAR is trading at $2.37 with a 24-hour trading volume of $2.07 billion and a market capitalization of $3.08 billion. The token has climbed 14.90% over the last 24 hours, showing strong buying activity across the market.
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NEAR Price Cup Handle Breakout
On May 24, 2026, a crypto analyst, Alpha Crypto Signal, noted that the current bull run started after the NEAR coin broke out of a Cup & Handle formation in the daily chart. As per Alpha Crypto Signal, the coin broke out above the neckline level with impressive strength, subsequently retesting the neckline in a clear manner before moving up further. After breaking above the neckline, the NEAR price is up by over 65%.
According to Alpha Crypto Signal, the uptrend will persist until the NEAR price breaks above the breakout support area. Indeed, the pattern was detected in time, and the market proceeded accordingly, confirming the rising trend continuation.
NEAR Protocol Strong Momentum
It is observed from technical indicators that there has been an entry into an overbought territory for the NEAR price in light of the rise in its value. The RSI index has risen to 81.36, which is significantly higher than the neutral mark of 50 and also above its average level of 68.55.
Meanwhile, an RSI greater than 80 is also an indication of potential short-term profits from profit taking following a quick advance. Despite this risk, the market sentiment is still bullish for now unless momentum starts to wane.
MACD is also signaling that there is positive momentum in the price of NEAR. The MACD line is currently at 0.20621, which is above the signal line of 0.11777. Moreover, the histogram is also positive at 0.08845.
The continued divergence between the MACD and the signal lines, it indicates that the buyers still retain the ability to influence the market trend in the short term. Provided that the NEAR price is trading above the breakout support level, it could move up in the subsequent periods.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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