NEAR Protocol

<p>Crypto analyst Michaël van de Poppe shared some insights on X (formerly Twitter) about NEAR’s price, suggesting that it might have hit its bottom and be ready for a huge surge in the upcoming months.&nbsp;</p>
<p>The analyst estimates that NEAR might hit a price target of $15 to $20 within the next three to six months if the current trend holds. This optimistic outlook aligns with recent chart analyses, which indicate key support and resistance zones, as well as signals of growing buying interest.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/jupiter-jup-price-makes-bullish-close-above-key-level-but-one-more-resistance-could-disrupt-rally/" target="_blank" rel="noopener noreferrer nofollow">Jupiter (JUP) Price Makes Bullish Close Above Key Level, but One More Resistance Could Disrupt Rally</a></em></strong></p>
<h2 class="wp-block-heading" id="near-protocol-technical-analysis-long-term-downtrend-shifts-to-consolidation">NEAR Protocol Technical Analysis: Long-Term Downtrend Shifts to Consolidation</h2>
<p>From the token price history, it had a very clear peak in 2022, and later on, the price fell greatly throughout the year as these prices correlated with the trends of the crypto market. Over the last year, NEAR’s price has progressed from a bearish trend to a point of consolidation.</p>
<p>This change indicates that the selling pressure is no longer present, thus allowing the price to become stable. According to some analysts, this period might be the one that prepares NEAR toward a new price action trend, an ascending growth pattern.</p>
<p>Michaël van de Poppe’s tweet also goes along with this speculation since the analyst has remarked that NEAR reached the point where its plenary declines and is prepared for the next leg of the market uptrend. His commentary indicates optimism that NEAR has indeed passed its recent lows and will likely appreciate.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="468" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-1024x468.png" alt="" class="wp-image-581313" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-1024x468.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-300x137.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-767x351.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-1536x702.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-2048x937.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-328x150.png 328w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-765x350.png 765w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373-788x360.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-373.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoMichNL/status/1855928460654633200" target="_blank" rel="noopener noreferrer nofollow">X/MichaëlvandePoppe</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="key-support-and-resistance-zones">Key Support and Resistance Zones</h2>
<p>Technical analysis highlights a major support zone for NEAR between $2.79 and $3.41. This range has historically served as a stable floor for NEAR’s price, offering potential entry points for investors seeking a favorable risk/reward ratio. Should this level hold, it could act as a strong foundation for an upward push.</p>
<p>The chart also points to a key resistance level around $15, which aligns with van de Poppe’s mid-term target. This target is a significant milestone that NEAR will need to surpass to confirm its potential for sustained upward momentum. If NEAR manages to break past this level, it may encourage further buying interest, potentially fueling its rise toward higher price targets.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/microstrategys-massive-bitcoin-purchase-again-btc-price-above-80k/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy’s Massive Bitcoin Purchase, Again! BTC Price Above $80k</a></em></strong></p>
<h2 class="wp-block-heading" id="volume-and-momentum-indicators">Volume and Momentum Indicators</h2>
<p>After the 2022 peak, trading volume for NEAR has generally declined, indicating reduced market activity. However, recent weeks have shown slight volume increases, suggesting a possible accumulation phase.&nbsp;</p>
<p>More buying activity has also been indicated by momentum indicators such as the Relative Strength Index (RSI), which has displayed indications of an upward trend. An optimistic argument for<a href="https://coinmarketcap.com/currencies/near-protocol/" target="_blank" rel="noopener noreferrer nofollow"> NEAR’s price</a> soon may be supported by a rising RSI, which frequently indicates growing momentum.</p>
<p>Investors eyeing NEAR are watching as it navigates key support and resistance zones. If the current momentum builds and the market remains favorable, NEAR Protocol could be on track to achieve van de Poppe’s price targets, potentially delivering attractive returns to long-term holders.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/sei-price-breaking-out-with-major-bullish-pattern-analyst-forecasts-a-250-surge/" target="_blank" rel="noopener noreferrer nofollow">SEI Price Breaking Out with Major Bullish Pattern: Analyst Forecasts a 250% Surge</a></em></strong></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/could-near-protocol-price-be-headed-for-a-15-target-analyst-weighs-in/" rel="noopener noreferrer nofollow">Could NEAR Protocol Price Be Headed for a $15 Target? Analyst Weighs In</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Could NEAR Protocol Price Be Headed for a $15 Target? Analyst Weighs In

Table of Contents

CaptainAltcoin

Other articles published on Nov 11, 2024

ETFSwap (ETFS) Price Prediction: Buying ETFS At $0.05769 Could Lead To 450x Gains For You In 2025

Solana skyrockets to 7-month high, crosses $200, analysts forecast massive upsurge

DeFi Face-Off: Coinbase’s New Token, Crypto.com’s Rewards Program, or Plus Wallet’s Security—Who ...

MicroStrategy Records Staggering Bitcoin Profits: Visionary Investment Strategy Pays Off

Ethereum Foundation (EF) Releases 2024 Annual Report: A Look at its Financial Growth

Bitcoin Surges Past $81,000 Amid Trump’s Victory and Pro-Crypto Political Shift

Join our free newsletter for daily crypto updates!