NEAR Protocol Shows Bullish Signals as Falling Wedge Pattern Suggests Potential Upswing

NEAR Protocol’s native token (NEAR) is exhibiting promising technical indicators as a falling wedge pattern emerges on its price chart, typically signaling an impending bullish reversal. Market analysts observe that this formation, coupled with oversold conditions, could catalyze a recovery rally in the coming weeks. The pattern’s convergence suggests weakening downward momentum, with key resistance levels at $7.50 and $8.20 serving as critical benchmarks for confirming trend reversal. Trading volume patterns and RSI divergence further support the potential upside, though macroeconomic factors and broader crypto market sentiment remain important variables. This technical setup comes as NEAR’s ecosystem continues expanding, with growing developer activity and institutional interest in its sharded proof-of-stake architecture.

Key points covered

• NEAR is forming a bullish falling wedge pattern on the daily chart
• Oversold conditions and RSI divergence suggest bearish exhaustion
• $1.48 support and $4.66 resistance are the key levels to watch

NEAR’s price action has been squeezing into a falling wedge, a reliable technical formation that typically resolves with a strong move to the upside. The contracting range suggests selling pressure is slowing, and as price tightens within the wedge, a breakout becomes more likely. Traders often view these setups as opportunities to catch an early-stage reversal, especially if volume confirms the move.

At the same time, NEAR’s daily RSI has entered deep oversold territory, historically a key signal for short- to mid-term bottoms. More importantly, RSI is printing higher lows even as price records new local lows. This bullish divergence is a sign that underlying momentum is shifting away from bears and often precedes sharp, impulsive reversals once structure breaks.

The $1.48 level remains a crucial support zone and has yet to be fully tapped. If price tests and holds this level while remaining inside the wedge, it could serve as the springboard for a breakout. On the flip side, a clean breakout with volume confirmation could propel NEAR toward the next major resistance at $4.66—an area that aligns with previous structure and fills inefficiencies left behind during the prior sell-off.

What to expect in the coming price action

If NEAR holds above or rebounds off the $1.48 support and breaks above wedge resistance with conviction, it’s likely to trigger a bullish expansion toward the $4.66 target. However, failure to hold support could delay the move. Either way, the setup suggests that NEAR is entering a high-potential zone for a major reversal.