NEAR Protocol is retesting a broken descending resistance line on the weekly chart. The price action suggests buyers are attempting to turn former resistance into support, although confirmation remains essential.

The marked upside levels are $6.30, $8.60, $12, and eventually $21. Those targets depend on a successful bounce and sustained recovery. Without that, the projected move remains a scenario rather than a confirmed trend reversal.

Institutional Interest Adds Another Layer To NEAR’s Outlook

The bullish argument isn’t limited to technical analysis. NEAR’s ecosystem includes tokenized Ondo assets, cross-chain swap infrastructure, and Anthropic IPO futures.

Meanwhile, the Bitwise NEAR ETF has reportedly recorded near-daily inflows since launch. The fund now holds 1.37% of NEAR’s total supply.

That figure points to growing exposure through the ETF, but it doesn’t guarantee continued accumulation or higher prices. Markets have a habit of disappointing anyone treating inflows as a one-way ticket upward.

$NEAR Wall Street Is Coming 🏦

The NEAR Protocol has retested the broken descending triangle on the weekly chart and is holding steady while building the foundation for the next major move.

There are tokenised Ondo assets, cross-chain swap infrastructure, Anthropic IPO futures… pic.twitter.com/Cp1vcMaGiD

— Lana Valentis (@LanaValentis) November 2, 2026

NEAR Price Prediction: Can NEAR Turn Its Retest Into A Rally?

The immediate question is whether NEAR can hold the descending trendline retest and build momentum. If buyers manage that, $6.30 becomes the first marked upside target, followed by $8.60 and $12.

The $21 level represents the longer-term scenario target. Still, the NEAR price prediction depends on a confirmed bounce, not institutional headlines alone. Until price action validates the setup, optimism should come with a healthy dose of caution.