- Altcoin NEAR continues to hold investor interest even as price dips to $4.7.
- As BTC and ETH prices show recovery signs, altcoins grow bullish.
- Analysts share many bull targets for NEAR to reclaim soon.
The crypto community is disheartened to see the prices of valued crypto assets drop to lower price targets. For instance, the price of BTC dipped to the $80,000 price range and is now trading at $81,000. Similarly, the price of ETH went from trading in the $2,500 price range to trading in the $2,300 price range. Meanwhile, altcoin NEAR continues to hold investor interest even as price dips to $4.7 alongside BTC and ETH dump.
NEAR Continues to Hold Investor Interest
According to CoinMarketcap analytics, the price of NEAR is currently trading in the $4.72 price range, meaning that the asset is down by over 6% in the last 24 hours and down by over 11% over the last 7 days. What’s more, during the crypto market rally of the previous week, the price of NEAR went as high as the $5.75 price range only to dip to the $4.7 price range today. Analysts hope to see the asset price surge once again.
According to the analyst in the post above, NEAR’s monthly recovery has two big tests. To specify, the analyst marks how NEAR is pulling back after its sharp rebound, testing the $4.3 – $5.1 support zone around the $4.90 Fibonacci midpoint. Holding this area keeps a recovery toward the $5.83 – $6 price range in play. The major breakout level sits at $8.809. Clear and retest that resistance, and $10.93 plus the $13 – $15 supply zone become the next hurdles toward the drawn $16 scenario. Lose $4.30, and $3.98 becomes the next level to watch.
Can NEAR Price Recover Soon?
Many analysts are highly bullish on NEAR, and one believes NEAR can run to $20 soon. Presently, the world is pouring billions into AI, yet most people still think blockchains are only useful for trading tokens. Who’s going to power transactions between autonomous AI agents? Who’s going to simplify a world of hundreds of disconnected blockchains? NEAR is positioning itself for both.
To highlight, NEAR Intents, chain abstraction, and its growing AI ecosystem aren’t just random buzzwords. They’re pieces of a much bigger ambition. Imagine AI agents executing millions of transactions while users barely notice the blockchain infrastructure underneath. This is why NEAR has the potential to reclaim $20 and even go on to surge towards $30 and $50 ATH targets.
Another expert states that the next big test for NEAR is at $6. As we can see from the post above, the analyst says that the weekly surge has lifted NEAR above its prior base, with $4.5 – $5.3, now the support zone to defend. A confirmed weekly breakout above $6 would clear the 0.618 Fibonacci level near $5.83 and bring $8.809 resistance into focus. Beyond that, the 1.272 extension sits near $10.93.
