Crypto / NEAR
NE
NEAR Protocol
$3.02
+0.00%
Past 3months
Trading vol1.009B
Market cap3.858B
Fully Diluted Valuation3.858B
Total Supply1.28B
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CryptoNuclear
NEARUSDT Epic Breakout! Is This the Beginning of Major Bullish?
After more than a year trapped in a steep downtrend, NEAR is finally showing strong signs of revival! The latest large bullish candle has broken above the long-term descending trendline — a crucial moment that often signals the beginning of a major trend reversal in the crypto market. This move represents a potential shift in market structure after a long period of accumulation. However, as always, the market never gives certainty — we are now at a critical turning point: is this a confirmed breakout or just a false move before another correction? --- Structure & Technical Pattern A descending trendline has been suppressing the price since the late 2024 peak. The recent 2D candle breakout confirms a shift in supply-demand dynamics. This pattern suggests that selling pressure has weakened, and buyers are starting to gain control. The 3.00–3.40 USDT zone now acts as the key confirmation area — whether the price can hold above it will determine the next major direction. --- Bullish Scenario (Buyers Take Over) If NEAR manages to close and sustain above the trendline and the 3.00–3.40 zone, it could open the door for a significant bullish continuation. Potential upside targets include: 🎯 Target 1: 3.40 (nearest resistance & breakout validation) 🎯 Target 2: 4.85 (next supply zone) 🎯 Target 3: 6.05 🎯 Target 4: 7.77–8.24 (major high zone, potential full reversal from the long bearish trend) If a successful retest occurs around 3.00–3.10 and the price rebounds with strong volume, it would serve as a powerful confirmation of a new bullish trend forming. --- Bearish Scenario (False Breakout & Continuation of Correction) However, if the price fails to hold above the trendline — especially if a strong bearish reversal candle appears — this move could become a bull trap, leading to renewed selling pressure. Key levels to watch: ⚠️ Main support: 2.20 ⚠️ Major support: 1.55 (a strong demand zone tested multiple times) A breakdown below 2.20 would confirm a new lower low structure, potentially pushing the price back toward the 1.55 USDT demand zone. --- Strategic Conclusion NEAR is currently at a critical transition point — between the birth of a new bullish trend or the final test of its long-term bearish phase. Strong breakouts like this don’t happen often, and they often mark the beginning of major directional shifts. However, confirmation is key — a strong close above the trendline with high volume will solidify the bullish case. Aggressive traders may look for entries around the trendline retest, while conservative traders may wait for a solid close above 3.40. --- Additional Technical Notes Buyer momentum is surging, as the bullish candle broke through a major supply zone with conviction. Volume confirmation is crucial: a breakout without volume could signal a false move. Correlation with BTC/ETH matters — if Bitcoin remains bullish, NEAR’s breakout is more likely to sustain. Indicators like RSI/MACD are likely beginning to show positive momentum — a classic sign of early-stage reversal. --- #NEAR #NEARUSDT #CryptoBreakout #TrendReversal #CryptoAnalysis #TechnicalAnalysis #Altcoins #CryptoTrading #SupportResistance #PriceAction #BullishBreakout #TrendChange #NEARProtocol
1:51 AM · Nov 9, 2025
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