- NEAR price holds above $3.40 after breaking major resistance.
- Bulls need $3.90 to clear before testing the $4 level.
- Ecosystem activity adds fundamental context to the recent rally.
NEAR price is showing renewed strength after breaking above a key resistance zone. The token climbed from the $2.30 to $2.50 range before reaching nearly $3.90. It later pulled back toward $3.60 as traders took profits near the recent high. The move has placed NEAR at a key point, with $3.40 to $3.50 emerging as short-term support. A sustained recovery above $3.80 could put the $4 level back into focus.
NEAR Price Holds Support as Rally Extends Toward $4
The NEAR price remains firm after a sharp rally lifted the token toward $3.90. NEAR traded near $3.60 after breaking above the $2.80 to $3.00 resistance zone.
The move followed a strong recovery from the $2.30 to $2.50 range. Rising volume has also supported the latest advance, although the NEAR price now faces selling pressure near recent highs.
Trader Michaël van de Poppe said NEAR could enter another run if it holds its current support. He pointed to $3.92 as a potential upside level if lower timeframes produce a new higher high.
Crypto Tony also highlighted the broader ecosystem recovery behind the latest NEAR price move.
NEAR Price Gains Support From Rising Ecosystem Activity
DeFiLlama data cited in the market update showed NEAR ecosystem TVL approaching $190 million. The network also recorded more than 52,000 active addresses and about $84 million in daily DEX volume.
Stablecoin value stood near $79.86 million, while app fees reached $48,646 over 24 hours.
The NEAR price broke above previous May and June highs around $2.80 to $3.00. That area could now act as a major support zone if selling intensifies. Short-term support sits around $3.40 to $3.50, while $3.10 to $3.20 remains another important level.
Bulls need to reclaim the $3.80 to $3.90 region to challenge the psychological $4 level. NEAR could consolidate if momentum cools. Meanwhile, NEAR continues developing its ecosystem, including revenue-based mechanisms and governance changes.
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.
