- NEAR approaches two key targets from previous cycles.
- The altcoin coils inside symmetrical triangle.
- Can the price of NEAR surge over the coming months?
Altcoins continue to show strong bullish indicators across their individual price charts and as a total altcoin market. Presently, most altcoins seem to be trying to recover a higher price range since their fall caused by Bitcoin’s latest dip. Among them, NEAR price approaches two key targets from previous cycles. One of these bullish indicators is that the altcoin is coiling inside a symmetrical triangle.
NEAR Approaches Two Key Targets From Previous Cycles
Over the last couple of months, NEAR and many other altcoins have been printing bullish signals across their various price charts. In particular, some altcoins have been printing multi-year bullish indicators and these signs have only been leading to greater expectations for a bullish altseason to play out over the coming weeks or months. So far, a handful of altcoins saw a small pump before Bitcoin’s dip pulled them back down.
Among the many bullish altcoins in the space, NEAR is one asset that is currently drumming up renewed attention. As we can see from the post above, this expert notices how NEAR is approaching two key targets from previous cycles. Based on the chart in the image, the old resistance prepares to become the next destination, meaning the first major bull target sits around $9. That’s where the 2024 rally lost momentum, making it the first level bulls need to reclaim.
If NEAR breaks above it, the path toward $20 opens up. That level marked one of the biggest reversals in the previous cycle. Markets often revisit major rejection zones, especially after long accumulation phases. From current prices, reaching Target 1 would mean roughly 400% upside. A rally to Target 2 would push gains beyond 1,100%. The biggest breakouts don’t usually stop at the first resistance. They often continue until the market reaches the next major liquidity zone.
NEAR Coils Inside Symmetrical Triangle
Meanwhile, another crypto enthusiast notices how NEAR is coiling inside a symmetrical triangle after a volatile move, with price compressing toward the apex. This tightening range signals that a high-volatility breakout is likely approaching. The recent rejection from resistance keeps bears in control for now, and a confirmed break below the lower trendline could trigger another leg down.
As further explained using the chart in the post above, the crypto analyst goes on to conclude that bulls need a decisive breakout above resistance to flip momentum. In fact, he also states that momentum is at a key decision point, and advises traders to watch for volume confirmation before chasing the next move. Can NEAR truly see true momentum that will lead to explosive gains this year?
