Near Protocol Hits Multi-Month Low as Traders Eye a Breakout Signal

NEAR Protocol has slipped to its lowest price level since October 10, drawing renewed attention from traders who are watching the token’s tightening structure and steady growth in network activity.

According to analyst Michaël van de Poppe, NEAR intents are expanding at triple-digit rates each month, even as price action continues to drift inside a multi-week accumulation range. This divergence between usage and market performance has created conditions that often precede sharp directional moves.

Van de Poppe noted that NEAR is showing early signs of stabilization after a prolonged decline. Consolidation at this level signals potential strength building beneath the surface, especially if buyers can push price back above the 20-Day Moving Average. He emphasized that a breakout above this short-term trend indicator would be one of the first signals that momentum is shifting back toward the bulls.

Analyst Levels Point to a Possible Reversal

The key trigger level remains $1.95. A clean move above that zone would place NEAR back inside its broader trading range, opening the path toward a potential range-to-range move targeting $3. The setup resembles prior recovery structures where price first forms a base, reclaims moving averages, and then accelerates toward the previous range highs.

Van de Poppe highlighted that the current structure represents the strongest accumulation cluster since October and November. Buyers are defending the same liquidity zone where previous recoveries started, keeping NEAR positioned for a potential breakout if momentum shifts.

However, without a reclaim of the $1.95 area, downside risk remains. Failure to push above this level would keep NEAR trapped in a lower demand zone where further compression could occur before any follow-through move.

Deep Pullback Followed by Stabilization

The TradingView chart confirms the sharp downward trend that dominated NEAR’s price action through October and November. A series of lower highs and lower lows pushed the token toward the $1.70 region, where the latest stabilization is forming. Volume increased during the final stage of the decline, indicating a potential capitulation event as sellers exhausted momentum.

Since then, price has begun to flatten, forming a short-term base and attempting to reclaim prior breakdown levels.

The chart shows repeated tests of the $1.80–$1.90 band, suggesting this area is becoming a decisive battleground. A sustained push above the 20-Day MA would align the technical picture with Van de Poppe’s breakout thesis and mark the first meaningful shift in momentum in several weeks.

NEAR’s Road Ahead: Breakout or Continued Range?

If NEAR clears $1.95, the broader trading range reopens and a move toward $3 becomes realistic. If it fails to break through, price may continue compressing inside the lower band until buyers gain enough momentum to challenge resistance again.

With network activity accelerating and market structure tightening, NEAR is entering a critical phase. The next breakout attempt will likely determine whether this multi-week decline becomes a long-term bottom, or just another pause before further downside pressure.