- Van de Poppe favors potential purchases below $3.50, but a bottom remains unconfirmed.
- The $2.96 downside level implies approximately 20% risk from $3.69.
- A recovery toward $4.19 requires stronger conditions and reclaimed support.
NEAR price fell 8.14% over 24 hours, slipping to $3.69 and moving just below the closely watched $3.70 level. Michaël van de Poppe sees potential buying opportunities below $3.50 after enthusiasm peaked above $5. His outlook remains conditional, with the latest decline undermining an earlier recovery setup and leaving traders watching whether buyers can regain lost support.
NEAR Price Slips Below Support as Analyst Watches $3.50
Van de Poppe said fading excitement could create opportunities to accumulate the token. However, his view that the correction is nearing its end does not establish a confirmed bottom.
The supplied technical snapshot places the relative strength index at 42.24, below the neutral 50 threshold. That suggests weak momentum without reaching the conventional oversold threshold of 30.
For NEAR price, sustained weakness below $3.70 would bring the cited 200-day exponential moving average at $2.96 into focus. That represents approximately 20% downside from $3.69, rather than a guaranteed destination.
A Bitcoin recovery above $78,400 could support a rebound toward $4.19 under the supplied market scenario. Reaching that resistance would imply roughly 13.6% upside, but Bitcoin strength alone would not confirm a reversal.
NEAR Price Recovery Needs Fresh Confirmation Above $4
Giannis Andreou’s earlier analysis described a rebound near $4.05 within a descending channel. He required buyers to defend $4.00–$4.05 and establish hourly closes above $4.20–$4.25.
His warning level was $3.95, below which the bullish setup would weaken. The latest quote sits beneath that threshold and his subsequent $3.80–$3.85 support zone.
Consequently, targets of $4.40–$4.45 and $4.65–$4.80 depend on rebuilding support, rather than an already confirmed breakout. A brief move above channel resistance would still need sustained trading above it.
Separately, NEAR Protocol shared an interview featuring co-founder Illia Polosukhin discussing user-owned AI and blockchain infrastructure. The discussion provides project context, but does not establish fresh token demand.
At press time, NEAR price is $3.69, down 8.14% over 24 hours.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
