$NEAR eyes $1.85 – Sovereign Fund proposal boosts bullish sentiment
#NEAR has recorded four consecutive bullish sessions, supporting a potential move toward $1.85.
NEAR Protocol is building momentum after a governance proposal introduced a new long-term vision for the network’s token economy.
🔸NEAR whales are adding exposure
According to the recent Average Order Size data, Near Protocol’s large holders have become increasingly active during the latest rally.
The data indicates that a significant surge in the number of whale orders at the current trading prices, suggesting that institutional-sized investors are positioning alongside the improving market sentiment rather than locking in profits.
The derivatives market sparks the same signals. NEAR’s Funding Rates have remained above 0% for several weeks, indicating long traders continue paying a premium to keep bullish positions open.
🔸Is a breakout on the cards?
The long-term technical setup continues to favor buyers.
NEAR has spent months consolidating inside a bullish pennant, a pattern that has repeatedly produced rebounds from support before another attempt at the upper boundary.
The latest rejection came near $1.60, where buyers successfully defended the pennant support. Since then, the token has posted a week of steady gains, preserving its higher-low structure and reinforcing bullish momentum.
If the current trend continues, attention shifts to the next major liquidity zone. A liquidity cluster exceeding $1 million sits around $1.85, making it the next significant area where sellers could emerge.
As it stands, the combination of whale accumulation, persistently positive Funding Rates, and the proposed Sovereign Fund has improved market sentiment.
If buyers defend the pennant support, they could drive NEAR toward $1.85 before it faces its next major resistance.
#NEAR has recorded four consecutive bullish sessions, supporting a potential move toward $1.85.
NEAR Protocol is building momentum after a governance proposal introduced a new long-term vision for the network’s token economy.
🔸NEAR whales are adding exposure
According to the recent Average Order Size data, Near Protocol’s large holders have become increasingly active during the latest rally.
The data indicates that a significant surge in the number of whale orders at the current trading prices, suggesting that institutional-sized investors are positioning alongside the improving market sentiment rather than locking in profits.
The derivatives market sparks the same signals. NEAR’s Funding Rates have remained above 0% for several weeks, indicating long traders continue paying a premium to keep bullish positions open.
🔸Is a breakout on the cards?
The long-term technical setup continues to favor buyers.
NEAR has spent months consolidating inside a bullish pennant, a pattern that has repeatedly produced rebounds from support before another attempt at the upper boundary.
The latest rejection came near $1.60, where buyers successfully defended the pennant support. Since then, the token has posted a week of steady gains, preserving its higher-low structure and reinforcing bullish momentum.
If the current trend continues, attention shifts to the next major liquidity zone. A liquidity cluster exceeding $1 million sits around $1.85, making it the next significant area where sellers could emerge.
As it stands, the combination of whale accumulation, persistently positive Funding Rates, and the proposed Sovereign Fund has improved market sentiment.
If buyers defend the pennant support, they could drive NEAR toward $1.85 before it faces its next major resistance.