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NEAR approaches $2.55, bulls continue to push higher: Is a correction coming?

2026-09-10 00:36:00
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NEAR gained 10%, and surging trading volume pushed bullish momentum to the US$2.55 resistance level.

The total locked value (TVL) exceeded the US$185 million mark, providing fundamental support for the current uptrend. Profit-taking around $2.55 could trigger a correction towards $2.43, and the market may then try to break through again.

Near Protocol (NEAR) is approaching key resistance levels after another strong one-day rally. The token rose by 10% in 24 hours, putting the bull power in a highly aggressive position. The surge in trading volume also shows that there is stronger participation behind the market. Currently, the market focus is on US$2.55 and the possibility of further breakthroughs.

NEAR bulls have strengthened momentum, and trading volume has soared

NEAR's current trading price is about US$2.45, only US$0.10 short of the target of US$2.55. The latest 10% increase shows strong buying pressure in the market. Trading volumes also rose sharply during the period of price increases. Within 24 hours, trading volume increased 67% to approximately $676 million. The strong price trend was accompanied by an increase in trading volume, marking the active participation of buyers. The latest rebound occurred after a breakthrough from the flag-shaped arrangement pattern. Previously, NEAR had been consolidating within the structure for several weeks.

The final breakthrough provides room for buyers to accelerate their upward movement. Since the breakthrough, recent gains have remained solid. This momentum suggests that buyers still control the short-term market structure. However, resistance near $2.55 could pose a severe test. Bulls need continued demand to push prices past this near-term barrier.

In addition, NEAR's trading price is above the moving average (EMA) of major indices. The key EMA level is currently around $2.43. If it can be maintained above the region, short-term momentum will tilt firmly upwards. Continuing to stand above $2.50 will strengthen the bullish pattern. Breaking through $2.50 will provide another important technical signal. At that time, bulls can try to convert their previous resistance into new support. This shift will strengthen the possibility of exceeding $2.55. The emergence of consecutive Higher Lows will also consolidate the emerging upward trend.

Can NEAR break through $2.55 or face profit-taking?

The $2.55 level is now the clearest obstacle facing NEAR bulls. A decisive breakthrough could extend the current rally to higher goals. Strong trading volume will make such breakthroughs more convincing. Buyers need continued demand, not a brief surge above resistance. Profit-taking is the main threat near the zone of psychological resistance.

Traders holding positions from lower prices may choose to lock in profits. Such selling could cause temporary pressure around $2.50 and $2.55. A rejection may push NEAR into a short-term correction. However, a controlled correction does not necessarily undermine the broader bullish structure. NEAR may consolidate before the buyer attempts to break through again.

Staying above $2.43 will also help maintain current momentum. Buyers can use this area as a reference point for periods of temporary weakness. For now, NEAR is firmly near key technological milestones. Growing volume and stronger online activity continue to support the bullish argument. Still,$2.55 is still a level that bulls must conquer.

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