The NEAR Protocol chart ($NEAR ) marking 2.226 dollars today brings a significant appreciation of more than 11 percent, confirming the strength of this recovery.
Not long ago, the price was suffering a continuous bleed until it hit the extreme low at 1.538 dollars, where it finally found solid support.
From there on, the asset staged a consistent turnaround, building higher and higher lows until it surged in consecutive green candles that broke through previous resistances and set the day’s high at 2.289 dollars.
This strong push shows that buyers have taken control and are clearing the selling pressure without hesitation.
After weeks of being stuck oscillating below the $2 mark, NEAR has finally managed to break through this important psychological barrier with meaningful volume.
The small pullback we see after hitting the high at $2,289 only reflects the natural unwinding of short positions, but the daily candle keeps most of the green body filled, indicating clear dominance by buying power.
To me, the NEAR chart is trying to tell us that the worst of the downtrend is behind us and that the market has validated the reversal.
The immediate challenge now is to sustain trading above the $2.16 level, turning that former resistance into a solid floor to avoid giving back the push.
If the price confirms this support in the coming days, the asset’s message is clear: the uptrend structure is in place and the path to seek even higher targets remains open.
