NEAR Protocol Poised for Breakout? Key Level Could Trigger Next Big Rally
Altcoins 12 May 2025 | 21:00 According to analyst Michaël van de Poppe, NEAR Protocol ($NEAR) may be on the verge of a major move—but only if it can reclaim a key horizontal level on the chart.In his latest technical update, van de Poppe highlights a crucial resistance-turned-support zone that could act as the launchpad for the next leg higher. The Setup: Reclaim or Reject The zone in question sits between approximately $3.20 and $3.85, shown in green on the chart. Historically, this region has served as both support and resistance. NEAR is now testing this area from below after a significant bounce from sub-$3.00 levels. The chart suggests a potential scenario: A reclaim of this zone Consolidation above Followed by a breakout toward $5.00 and beyond Van de Poppe notes this as a “reclaim here” moment. If NEAR can hold above the zone on a daily or weekly close, it would indicate strength and open the door to a sustained upward trend—possibly mirroring the explosive runs it has shown in prior cycles. Volume and RSI Support the Case The volume profile beneath the price action shows increasing interest as NEAR pushes toward resistance. This suggests strong market participation, a key ingredient for any breakout to gain momentum. Meanwhile, the Relative Strength Index (RSI) on the chart is climbing but still far from overbought, leaving room for upside. Conclusion: NEAR’s Breakout Hinges on This Zone With a clean reclaim of the $3.20–$3.85 zone, NEAR could be primed for its next major rally, potentially targeting the $5–$6 range. Traders are watching closely—because in crypto, when the reclaim hits, the real run begins. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.