After Internet Computer’s (ICP) remarkable surge earlier this week, market attention appears to be shifting toward Near Protocol (NEAR). The token has quietly consolidated within a narrow range, setting the stage for what could become its next major upward leg. While most large-cap altcoins remain in a corrective phase, NEAR’s technical structure and market sentiment indicate that a powerful breakout might be close. Traders are beginning to speculate that the Near Protocol price could mirror ICP’s move, especially as buying volumes start to climb again on key exchanges.
Accumulation Near Key Support Signals a Potential Recovery Phase
Near Protocol price has been trading steadily between $2.00 and $2.40, showing clear accumulation around its lower range. This stability, despite broader market uncertainty, reflects growing confidence among long-term holders. The token has tested the $1.90 zone multiple times without breaking lower, forming a solid foundation for the next potential move. Historically, such accumulation phases often precede explosive rallies, especially when combined with rising trading activity and improving sentiment.
The weekly chart of NEAR/USDT outlines a larger A-B-C wave structure, suggesting that the token might be nearing the end of its correction phase. According to the pattern, the current price at around $2.32 marks point (B)—a potential reversal zone from where a new upward wave could begin. The projected target zone (C) lies between $14 and $20, indicating a possible 6x to 8x upside from current levels if the bullish structure unfolds. This aligns with a long-term recovery setup rather than a short-term rebound, making NEAR one of the most promising mid-cap tokens to watch in the coming months.
Price Outlook: Can NEAR Hit Double Digits Again?
Investor sentiment toward NEAR has started shifting positively. Social data and derivatives market volumes indicate that traders are positioning for a potential breakout. Many are comparing NEAR’s current setup to ICP’s recent breakout, which led to a sharp 40% surge. If Bitcoin continues to trade steadily and overall crypto liquidity remains high, NEAR could attract the next wave of speculative and institutional inflows.
If NEAR manages to clear the $3.20–$3.50 resistance zone, it could confirm a short-term bullish reversal. Beyond that, sustained momentum could lift the token toward $7 and $10, with long-term projections hinting at the $14–$20 target zone highlighted on the chart. However, failure to hold above $1.90 may delay this rally, pushing the token into extended consolidation before another leg up.
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