NEAR Token Eyes Bullish Break Amid BTC Downtrend

NEAR is regaining strength after months of losses, showing early signs of recovery and untapped growth potential.

Price targets suggest a 58% jump first, with a bigger upside if NEAR breaks past initial resistance.

Spikes in trading activity reveal buyers stepping in, hinting at possible steady gains in the short term.

NEAR (NEAR) has shown signs of accumulation and potential upside after a prolonged downtrend against Bitcoin. Analyst Michaël van de Poppe observed, “$NEAR is just accumulating, and was ready to break upwards.”

He added that NEAR Intents has accelerated significantly in revenue and interest. Consequently, the token’s USD and BTC valuations remain undervalued compared to its fundamental growth. Hence, the analyst recommends accumulation.

The NEAR/BTC pair has been trending down for the past year. From mid-2024 to late 2025, it formed a rounded bottom on the weekly chart. During this time, prices kept hitting new lows, while short upward moves couldn’t reverse the downtrend. Weekly charts show steep drops, with small recoveries happening only temporarily before the next decline.

Technical Patterns and Divergence Signals

A bullish divergence formed during the recent bottom, suggesting potential upward momentum. The divergence began around the lowest points of the downtrend and continues to influence price action. Additionally, volume data shows fluctuating activity. High spikes in trading volume align with local recoveries and sell-offs, indicating strong participation from both buyers and sellers at key levels.

Source: Michael van de Poppe

The chart shows two potential price targets for NEAR. The first is around 0.00003840 BTC, which would be a nearly 58% rise from current levels. If NEAR breaks past this, the next target could reach 0.00006089 BTC, signaling a bigger recovery.

Currently trading at 0.00002066 BTC, NEAR has recovered from its lowest point but is remains below important benchmarks. The price fluctuates sideways between minor levels of support and resistance in the short term, providing traders with a brief equilibrium.

Market Implications and Recovery Outlook

The rounded bottom formation combined with bullish divergence signals potential reversal zones. Price oscillates within defined ranges, testing support and resistance repeatedly

Hence, momentum from the divergence could drive subsequent moves toward secondary targets. Weekly structures continue guiding expected short-term movements. Moreover, active market participation during recoveries and downtrends reinforces reaction levels at volume spikes.

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