Technical analysis by The_Alchemist_Trader_ about Symbol NEAR: Buy recommendation (9/2/2025)

NEAR Protocol is consolidating within an apex structure of higher lows and lower highs. A decisive break of $3.50 resistance with volume could fuel a bullish rotation toward $7.80. NEAR Protocol is approaching a critical moment on the charts as price action tightens into a converging equilibrium. With both lower highs and higher lows forming, the market has created an apex zone where a breakout will eventually materialize. Support is currently holding at $1.80, while resistance at $3.50 stands as the major barrier before any significant continuation higher. NEAR Protocol (NEAR) Key Technical Points - Support at $1.80: The key level that maintains the integrity of bullish structure. - Resistance at $3.50: A breach here could trigger a breakout from equilibrium. - Upside Target at $7.80: The next rotational objective if resistance is cleared. NEAR Protocol has spent the past sessions in a prolonged consolidation phase, forming a classic equilibrium of lower highs and higher lows. This compression of price action highlights the market’s indecision, but also builds the conditions for volatility expansion once either support or resistance is broken. The $1.80 level remains the most important support in this structure. Each retest of this zone has attracted buying demand, preventing a breakdown and maintaining bullish potential within the broader market structure. On the other hand, the $3.50 resistance level has acted as a dynamic ceiling, rejecting price multiple times. A confirmed breakout here would signal the end of equilibrium and the start of a bullish rotation. The volume profile provides further insight. Current trading shows average levels of participation, insufficient for a sustained breakout in either direction. For NEAR to rotate toward $7.80, an influx of bullish volume is required, ideally with strong continuation after the breakout. Without this confirmation, false moves and quick rejections remain a risk. Market structure suggests that once the $3.50 resistance is broken on convincing volume, the probability of a continuation move toward the $7.80 level increases significantly. This target aligns with historical resistance levels and fits within the broader rotational framework of NEAR’s chart. What to Expect in the Coming Price Action As long as NEAR Protocol holds above $1.80 support, the equilibrium structure remains intact and biased toward a bullish resolution. Traders should watch closely for a breakout above $3.50, backed by significant volume influx, as this would likely confirm momentum toward $7.80. Until then, price may continue to compress within the apex zone before making a decisive move.