NEAR Reclaims $5 as Buyers Target Decisive Breakout Above $5.60

What to Know

• NEAR reclaimed $5.00 following buyers’ defense of $4.70 support, while a breakout above $5.60 could open the path toward $6.00.
• Momentum has improved as NEAR’s RSI turns upward, while its distance above major moving averages increases exposure to abrupt corrections.
• Losing $4.60 support would weaken NEAR’s recovery and expose $4.20, while holding $5.00 would preserve prospects for another resistance test.

NEAR Protocol buyers have reclaimed $5.00, but repeated selling near $5.60 leaves the token’s next upward move unconfirmed. According to TradingView data, NEAR trades around $5.16 following a recovery from approximately $4.70 during its latest pullback.

Buyers defended that area through several selling attempts, establishing higher intraday lows before pushing the price above $5.00. Their response preserved the broader bullish structure while leaving NEAR below the resistance zone between $5.40 and $5.60.

Repeated rejections near local highs have produced long upper candle wicks, showing that sellers remain active during upward moves. Consequently, a daily close above $5.60 would carry greater significance than another temporary move beyond resistance during trading.

A confirmed breakout could open the path toward $6.00, provided buyers sustain the advance beyond the existing supply zone. Holding above $5.00 would support that attempt, although the latest rebound has not yet cleared the upper resistance boundary.

NEAR’s recovery follows a substantial advance from roughly $1.60 in August, with the token gaining more than 200%. Despite the recent correction, its price remains well above those lows and retains much of the September rally.

Daily candles now show a more volatile trading phase, with buyers defending pullbacks while sellers challenge moves toward resistance. This leaves the $4.70 recovery area and the $5.60 breakout threshold as important reference points for the current structure.

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Momentum Improves While Extended Moving Averages Leave NEAR Exposed to Pullbacks

NEAR’s daily relative strength index has started turning upward following a retreat from the overbought readings reached during September. The indicator previously climbed above 70 as the rally accelerated, before cooling during the subsequent period of price consolidation.

Momentum eased without a comparable reversal in price, leaving most of the earlier gains intact through the latest correction. Still, the indicator’s upward turn accompanies a recovery within the trading range rather than a confirmed breakout above resistance.

Meanwhile, NEAR trades far above its major moving averages, and the shorter-term averages maintain an upward slope beneath price. This alignment supports the broader bullish trend, but the gap from longer-term averages increases exposure to abrupt downward moves.

Source: TradingView

Below the rebound area, $4.60 represents the critical support level that would determine whether the latest recovery structure holds. A break beneath that threshold would weaken the reversal and expose approximately $4.20 as the next potential support area.

Further losses could bring the rising short-term moving average into consideration, depending on its position as the correction develops. Conversely, holding $5.00 and securing a daily close above $5.60 would strengthen the case for another advance toward $6.00.

NEAR retains its broader upward structure, with buyers defending the latest pullback and momentum recovering from its earlier excess. Its next breakout attempt depends on clearing $5.40–$5.60, while a loss of $4.60 would undermine the recovery.

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