Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH 
NEAR NEAR Protocol bucked the trend and rose by more than 6%, putting the overall currency circle under pressure.
While Bitcoin and Ethereum prices fell to lower targets and the market experienced a sharp correction, the altcoin NEAR (NEAR Protocol) bucked the trend and rose by more than 6%. Analysts gave bullish and bearish price targets for the asset.
As the cryptocurrency market experiences a brutal correction, the prices of Bitcoin (BTC) and Ethereum (ETH) continue to decline. Currently, the trading prices of BTC and ETH are in the range of US$82,000 and US$2,500 respectively, which has dropped significantly from the previous highs of US$87,000 and US$2,700. Despite the weak performance of the broader market, NEAR still rose strongly by more than 6%, showing resilience independent of the market. Can NEAR quickly recover lost ground and return to higher prices?
NEAR rebounded strongly amid the market downturn
According to market analysis data, NEAR is currently trading at US$5.43, an increase of more than 6% in the past 24 hours. This performance is particularly eye-catching considering the market environment where Bitcoin and Ethereum prices have continued to fall over the past 24 hours. Yesterday, the NEAR price once fell below US$5, causing nervousness among holders, but the asset has now regained its position above US$5.
As relevant experts pointed out on social media, NEAR's price trend was fully in line with its expectations: first, it recovered its target of $3.25, and the goal had long been achieved. With NEAR prices trading around $5, experts believe the really interesting market is just beginning. According to this expert's analysis, NEAR's next major bull market target is at $9, which will subsequently hit the asset's all-time high (ATH) of $20.57.
Where is NEAR's next bull market target?
Experts further explored the possibility of NEAR breaking through the US$20 mark, thus entering a new stage of price discovery. They pointed out that if NEAR successfully breaks through US$20, then new historical highs of US$30 and above will become very realistic in a comprehensive altcoin bull market expansion. From cyclical lows, this would be a gain of more than 2,779%. The view concludes that most people will only regain their belief in the value of NEAR when the price reaches $20, and by the time that comes, the easiest upward phase may have passed.
Another analyst added in a post discussing key NEAR breakthrough points that the first confirmation area is between $5.50 and $6. If there is a correction, prices will fall back to the US$4 to US$4.6 range; a breakthrough will push NEAR to the next major resistance level, which is the US$7.5 to US$9 price range. The 1.618 Fibonacci extension within the region (approximately $8.36) provides another technical reference point.
After breaking through $9, the roadmap points to $11 to $12, followed by the historic $15 to $16 supply area. Before the next round of markets begins, the recovery of each goal must be converted into support. The final target is an all-time high of about $20.44, which is about 297% higher than the price at the time of the screenshot. This is a weekly recovery scenario, but there is room for a significant correction between the various targets. If it falls below $4, the bullish structure will be weakened and the focus will return to the Fibonacci retracement level of $3.81 and the previous $2.5 to $3.2 range.
