NEAR Faces a Pivotal Moment: Can the $3.00 Mark Confirm a Bullish Trend or Spark a Bearish Reversal?

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(NEAR) appears to be on the verge of a possible price rebound, as both analysts and traders monitor its movement within a crucial accumulation range that has previously led to notable price surges. After falling back into this range near $1.90, the digital asset is drawing parallels to earlier breakouts, that could potentially drive the price up to $3.40, $5.80, or even $8.00.

This accumulation zone has shown strength, with buyers repeatedly defending key price points. Market observers such as Trader Crypto Haque and Crypto Knight

even as the broader market fluctuates, hints at steady accumulation by long-term investors. This scenario is reminiscent of the conditions that led to a previous breakout, where NEAR surged from the same range to achieve multi-year peaks. Should history repeat itself, the next significant resistance at $3.40—a level that previously proved challenging—could trigger additional upward movement.

Analysis from Cryptopolitan lends further support to this outlook,

for by late 2025, with a longer-term projection of $20.88 by 2031. These predictions depend on the protocol’s capacity to uphold its current support levels and leverage ongoing ecosystem developments, such as strategic alliances and innovations that appeal to developers. The latest price movement, which saw NEAR drop to $2.30 before recovering, fits these projections, although indicate that traders should remain cautious in the near term.

Overall sentiment in the market is divided, with the Fear & Greed Index showing a bearish bias even as on-chain data remains positive. Experts emphasize that NEAR’s future performance will rely on its ability to maintain trading volume during upward moves and adapt to broader economic challenges. For example, trends in natural gas storage and the energy sector—which can indirectly affect crypto markets through inflation and regulatory changes—are still evolving,

that may help lower energy prices and support wider economic stability.

Investors are also considering NEAR’s potential to challenge established industries thanks to its scalable technology, positioning it as a strong player in the decentralized application (dApp) sector. Recent efforts by the protocol, such as launching the NEAR Intents Ambassador initiative,

and growing its ecosystem. Nevertheless, some remain cautious, noting that regulatory ambiguity and rivalry from other Layer 1 networks could slow its progress.

As the market looks for clearer price direction, the next few weeks are expected to be pivotal. A decisive move above $3.00 could reinforce the bullish scenario, while losing the $1.90 support might revive downward pressure. For now, NEAR continues to attract attention from traders seeking promising opportunities in a cautiously optimistic crypto environment.