NEAR Protocol (NEAR) has entered the new week with renewed momentum, climbing past the $3 mark after a steady seven-day gain of more than 11%.
The token’s market capitalization now stands at roughly $3.77 billion, making it the 36th largest cryptocurrency by valuation.
On the daily chart, NEAR has been consolidating after months of accumulation near the $2.50 support zone. The Relative Strength Index (RSI) has recovered to 57, signaling a potential continuation of the current upward trend. The move follows a period of higher lows and a first higher high – a classic early indicator of trend reversal.
Well-known crypto analyst Michaël van de Poppe noted that NEAR’s BTC pair is showing a strong bullish divergence, suggesting the downtrend may be over. “NEAR has been making constant higher lows and has made its first higher high,” he said, adding that the next target could be around 3,850 satoshis.
Technical traders are also watching for confirmation above the $3.20–$3.40 resistance range, which could open the path toward a broader mid-term rally. Momentum indicators have turned positive, and daily trading volumes show growing investor participation as the market looks for fresh altcoin leaders following Bitcoin’s dominance surge.
With Bitcoin holding strong above $120,000 and Ethereum near $4,600, analysts believe capital rotation toward mid-cap projects like NEAR could accelerate if bullish sentiment continues. A breakout above $3.50 may signal the beginning of a larger move toward the $4–$5 region – levels last seen in early 2024.
For now, NEAR’s technical outlook remains favorable, supported by improving market structure, growing volume, and a visible recovery across the broader altcoin sector.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/near-protocol-climbs-above-3-as-bullish-divergence-fuels-optimism/