NEAR Protocol Sees Signs of Stabilization Amidst Growing Network Intentions
NEAR, the native token of the Near Protocol, has fallen to its lowest level since October 10, despite a significant increase in network intentions and revenue. According to analyst Michaël van de Poppe, the token’s price is experiencing a sharp divergence from its growing usage, creating conditions that often precede significant directional changes. 
Van de Poppe notes that NEAR’s intentions are increasing at triple-digit rates every month, with buyers defending key liquidity and waiting for a 20-day MA reclaim for confirmation. The current zone is considered the strongest accumulation cluster since October-November, with a break above short-term resistance potentially reopening the broader trading range towards previous highs.
Technical Analysis and Market Structure
A move above near-term resistance would take NEAR back into its broader trading range and potentially pave the way to previous highs, according to Van de Poppe. However, failure to reclaim this area would leave NEAR in a lower demand zone where there could be a further price decline. Chart data shows that NEAR’s price action in October and November was dominated by a strong downtrend, with a series of lower highs and lower lows.
Technical indicators show repeated tests of a lower band, suggesting that this area has become an important support level. A sustained move above the 20-day moving average would mark the first significant momentum shift in several weeks, according to technical analysis. If NEAR clears the key resistance area, the broader trading range will reopen and a move towards previous range highs will become possible.
Key Takeaways and Future Outlook
With network activity increasing and market structure tightening, the next breakout attempt will likely determine whether the multi-week decline represents a long-term bottom or a temporary pause. Analysts say that a break above the 20-day MA and a breakout of the range could mark a key bottom for NEAR. For more information, visit https://crypto.news/near-bulls-face-key-20-day-ma-reclaim-as-intents-explode-and-price-bases-at-support/
