The cryptocurrency market’s AI narrative has been gaining renewed traction, and Near Protocol (NEAR) is emerging as one of the standout performers. Over the past 30 days, NEAR has surged nearly 18%, and beyond the price action, the project continues to strengthen fundamentally.
NEAR is currently ranked as the third most active blockchain by 38.9 monthly users, trailing only BNB Chain and Solana. This indicates that on-chain usage and developer activity remain strong.
More importantly, the daily chart is now revealing a classic bullish reversal structure, suggesting that NEAR could be positioning itself for a meaningful upside continuation.
Inverse Head and Shoulders Pattern Takes Shape
On the daily timeframe, NEAR has formed a well-defined inverse head and shoulders pattern. This is a setup widely regarded as one of the most reliable bullish reversal formations in technical analysis.
- •The left shoulder developed in early December near the $1.65 region, where selling pressure temporarily paused.
- •This was followed by a deeper decline toward the $1.45 area, forming the head, as broader market weakness weighed on price.
- •The right shoulder then emerged as NEAR once again found support near $1.65, signaling that sellers were losing control.
Since completing this structure, NEAR has rebounded steadily and successfully reclaimed the 50-day moving average, which is now acting as dynamic support. At present, price is consolidating just below a key neckline resistance zone between $1.79 and $1.88, clearly highlighted on the chart.
This compression near resistance often precedes a volatility expansion, suggesting that a decisive move could be approaching.
What’s Next for NEAR?
For bullish momentum to gain confirmation, NEAR needs a strong daily close above the $1.79–$1.88 neckline, ideally followed by a successful retest of this zone as support. Such a move would validate the inverse head and shoulders breakout and confirm a shift in short-term market structure.
Additional strength would come from reclaiming the 100-day moving average near $1.96, which has capped price during the recent downtrend. A break above this level could accelerate upside momentum as sidelined buyers step back in.
If these conditions are met, the measured move projection from the inverse head and shoulders pattern points toward the $2.36 region, representing a potential upside of roughly 26% from the breakout area.
On the downside, failure to clear the neckline could lead to further consolidation. In that scenario, holding above the 50-day moving average and the $1.65 support zone will be crucial to keep the bullish structure intact. A loss of these levels would delay the breakout thesis and shift focus back to range-bound price action.
Bottom Line
NEAR Protocol appears to be coiling beneath resistance, supported by a textbook bullish reversal pattern and improving broader sentiment. While confirmation is still needed, the technical structure suggests accumulation rather than distribution, with buyers gradually gaining control.