Near Protocol (NEAR) reached a price high of $6.00 on Monday, October 12, marking its highest level since January 2025. The token had been trading below $2 in the second half of August before a rapid rise of 283% over less than two months, driven by broader market sentiment and increased capital flow into the crypto AI sector.
In the past week, NEAR has retreated 5.4%, testing the $4.45‑$4.70 support zone again. The recent Sunrise and Near Intent partnership did not prevent profit‑taking pressure.
Technical signals and support levels
Crypto analyst Ali Martinez noted a sell signal on the weekly TD Sequential chart, referencing a prior similar signal that preceded a 32% correction. Martinez identified $4.30 as a key support level; a break below could expose the token to $3.76.
On the daily chart, the $4.30 low earlier in October kept the short‑term trend bullish, though a retracement to $2.51 was described as a possible severe correction. The Accumulation/Distribution indicator has moved sideways, while the DMI and MACD suggest weakening upward momentum.
Short‑term outlook
The 4‑hour chart shows a local demand zone at $4.60, which NEAR has respected since late September. A close below $4.30 on the 4‑hour timeframe would indicate a deeper pullback, whereas a move above $6.00 would signal continued bullishness.
Summary
The strong bullish momentum observed from August appears to be fading, and a correction may follow. Traders and investors are advised to monitor the $4.30 support level, while long‑term participants may view a decline to the $2.51‑$3.26 range as a buying opportunity.
