NEAR Builds Momentum as Bullish Divergence Leads to 50% Weekly Surge Toward Key Resistance

NEAR gains over 50% weekly as bullish divergence forms, suggesting renewed upside momentum on major timeframes.

The Rounded bottom pattern on NEAR/BTC indicates a potential reversal with key resistance at 0.00003840 BTC.

MACD bullish crossover and RSI near 61 show early signs of strengthening momentum in NEAR’s daily trading range.

According to analyst Michaël van de Poppe, NEAR shows strong bullish momentum that could continue to move higher

The crypto has registered a high weekly rise of over 50%, one of its most important moves in recent months. Following a period of price correction that began after the earlier 2024 highs

Market data suggests that NEAR may be preparing to retest resistance levels that have provided gains for much of the year, with traders closely watching whether a sustained breakout could confirm a new bullish structure.

Long-Term Recovery Pattern Forms After Prolonged Downtrend

From 2023 to 2024, NEAR’s value against Bitcoin declined from above 0.00010000 BTC to lows near 0.00002771 BTC. During this decline, momentum indicators showed a bullish momentum, suggesting a weakening bearish strength.

In early 2024, preceded by nearly 8 months of sustained growth, the pair rose to 0.00012000 BTC before a correction followed.

Source: Michael on X

Currently, the market shows a rounded bottom on the three-day timeframe, a pattern often associated with trend reversals. The first key resistance lies around 0.00003840 BTC, aligning with the area where the earlier divergence began

A further upside target near 0.00006089 BTC is the next significant objective if momentum persists. Trading activity has remained concentrated near the 0.00002771 BTC support, with high volume accompanying each major price movement.

Renewed Momentum

On the NEAR daily chart, it has traded between $2.500 and $3.500 since its decline from $8,000 in late 2024. The current price is at $2.77. Notably, trading volume remains active, with 29.31 million tokens exchanged in the past 24 hours

Momentum indicators now suggest early positive movement. The MACD line has crossed above its signal line, producing green histogram bars and indicating a short term strength.

Source: Crypto Rank

The RSI is at 61.23, a neutral to bullish reading, while price action retests the former $2.770 support as resistance. Volume levels continue to indicate increased activity during sharp directional changes.

Market Structure and Momentum

The combination of improving technical indicators and stabilizing price behavior shows a period of structural rebuilding for NEAR. While prices remain below key moving averages, increasing volume and consistent momentum readings point to a growing recovery phase.

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