- NEAR’s 289-day consolidation forms higher lows and strong volume signals hinting at a breakout toward a major bullish expansion.
- An analyst expects NEAR to surge beyond $8 as technical momentum and long-term structure point to a potential 300% rally.
The NEAR Protocol market is back on the watchlist of several analysts. Not because of the crash, but because the chart looks like something “long-held and ready to explode.”
Popular crypto analyst Master Ananda noted that NEAR has spent a full 289 days inside a sideways channel pattern since February.
He believes this extended period isn’t a sign of weak interest, but could actually be the foundation for a much larger surge.
The Signal Behind NEAR’s Potential 300% Breakout
In his analysis, Master Ananda stated that a very long consolidation phase usually serves as “a kind of resting place” before the market begins to move significantly in a new direction.
Ananda highlighted that NEAR had previously recorded a low during a market flush, then a higher low on November 4th, and has now recorded another higher low. The pattern looks neat, but it’s still moving within the same channel since the beginning of the year.
However, something began to change after the November 4th high. NEAR’s trading volume suddenly surged within a few days, as if there was a new impetus from market participants taking positions.
According to Ananda, this volume is precisely the indicator that the market is planning something. He believes that when this channel is broken, a new series of higher highs will emerge.
Traders may like to fuss over trendlines, but Ananda reminds us that often the strongest signals come from volume. “This is the signal” is roughly what his analysis means. He further estimates that this momentum could take NEAR to the area above $8, a jump of more than 300% from its accumulation area.
On the other hand, the NEAR market is indeed experiencing interesting developments beyond the charts. Early last November, CNF reported that NEAR’s Q3 report showed big move toward AI and chain abstraction.
This development direction means NEAR is not just focused on one sector, but is expanding into DeFi, infrastructure, and AI technology, which is increasingly becoming familiar with modern blockchains.
Although on-chain activity has slowed, the DeFi sector within the NEAR ecosystem has actually recorded quite aggressive growth. Stablecoin adoption has also increased quite sharply, demonstrating that ecosystem engagement remains strong.
New Pathways Shaping the Future of Multi-Chain Access
Looking back a few months, last September, NEAR Intents officially rose to become the sixth-largest interoperability protocol. For a technology that has only been seriously promoted in the past year, this achievement is quite eye-catching.
NEAR’s integration with TRON also accelerates the flow of cross-chain stablecoin exchanges. For users who are reluctant to use traditional bridges, this simpler inter-chain swap capability is a welcome addition, especially when transactions can be completed in seconds.
Furthermore, the development of this cross-chain corridor further strengthens NEAR’s position as a platform that prioritizes user experience.
Meanwhile, as of press time, NEAR is changing hands at about $2.36, up 6.81% over the last 24 hours, with $133.50 million in daily trading volume.