- NEAR trades near $2.31, down 4.56%, with liquidity and sentiment showing early signs of market fatigue.
- Analyst Michaël van de Poppe believes the bullish accumulation patterns will break out above $3.50 in a few weeks.
- Volume patterns suggest renewed buying near support zones amid broader consolidation in the AI-linked crypto segment.
The NEAR Protocol is demonstrating new structural resilience regardless of the recent volatility and analysts remain cautiously optimistic. The bearish sentiment in the market is seen in the short-term, yet the technical trends indicate there can be recovery in the market due to accumulation close to the main support levels.
Market Pullback Defines Short-Term Sentiment
NEAR Protocol is entering a cooling market with weak prices and declining speculation. The token is at $2.31 at the time of writing, showing a negative change of 4.56% every day, and a market capitalization of $2.89 billion. The trading volume has gone down lower to an extent of $472.8 million which shows a diminished trend in trader turnover and liquidity pressure in the short term.
The current Volume-to-Market Cap ratio of 16.37% signals moderated volatility, typical of markets seeking structural support after a correction. Most of NEAR’s 1.24 billion circulating tokens are already in supply, meaning its price action is increasingly tied to organic demand rather than token release schedules. This dynamic often defines phases of accumulation before directional shifts.
NEAR took a temporary test of $2.45 and then fell to $2.26. The slope of the chart, which is dominated by red, indicates a continued bearish action, which places the near-term interval of $2.20-$2.30 as a vital support level. A strong grip in this range would level the mood before a possible retesting of the $2.50 level.
Analyst Van de Poppe Sees Bullish Structure Building
Market analyst Michaël van de Poppe (@CryptoMichNL) maintains a constructive medium-term outlook, describing the recent drop as a “massive wipeout” that leaves his broader thesis intact. He projects a potential breakout beyond $3.50 within the next two to three weeks. His analysis focuses on a weekly chart showing consolidation after a deep capitulation event, often a precursor to a stronger recovery.
Van de Poppe’s perspective centers on the “flush and reclaim” pattern visible on NEAR’s chart. The sharp volume spike and long lower wick from recent sessions suggest liquidation pressure has begun to fade. Historically, such behavior occurs near major demand zones, indicating weak holders are exiting while long-term participants accumulate.
Technically, NEAR’s price continues to compress between $2.00 and $3.00.The pivotal resistance is the 50-week moving average that is pushing into the $3.003.50 area. Any firm close better than this level may open the door to higher levels up to $5.00 that will be approximately 72% of the present levels. The sequential upward trend of Relative Strength Index (RSI) aids in enhancing upward momentum in a yet-neutral trend structure.
Community Confidence and Sector Themes Remain Intact
Social sentiment around NEAR remains divided yet resilient. One user, who was referred to as AikFatFox, stated that NEAR was sturdy as a Spartan warrior, which indicated confidence in the structural strength of the system at the wider market depression. On the other hand, Blocksolve is more cautious and takes into account the prospects of the token in the long-term, at the same time, modern conditions are described as fragile.
Volume data reinforces this mixed environment. While short-term traders have reduced exposure, an increase in buying pressure during the latest dip points toward strategic accumulation. Such behavior often characterizes periods preceding medium-term recoveries, especially when coupled with improving sectoral narratives.
Van de Poppe’s mention of the AI narrative adds a contextual layer. NEAR’s expanding involvement in machine-learning integrations positions it favorably within the ongoing rotation toward AI-linked assets. Should capital continue flowing into this thematic segment, NEAR may benefit from renewed speculative attention. However, until $3.50 resistance is cleared decisively, traders may continue to see choppy conditions near current ranges.
