- NEAR Protocol plunges to $1.73 cycle low, retracing to October levels despite strong on-chain Intents growth.
- Analyst Michael van de Poppe calls it one of the best accumulation plays in a risk-off crypto environment.
- Protocol’s inflation halving and $570M+ Intents volume signal long-term upside amid broader altcoin weakness.
In a crypto market battered by Bitcoin’s 33% plunge from $126K to $82K peaks, NEAR Protocol is emerging as a contrarian darling. On November 27, 2025, renowned trader Michael van de Poppe lit up X with a stark declaration: NEAR has “swum back into cycle low” territory at October’s depths, positioning it as “one of the single best opportunities to be accumulating” in this unforgiving bear phase.NEAR’s price cratered to $1.73 earlier this week—the 2025 low—down 16% weekly and trading at $1.87 midday amid $960 million in leveraged liquidations across the sector. The token’s chart paints a grim picture: a death cross since October, with the 50-day SMA diving below the 200-day at $2.73, and MACD histograms flashing accelerating downside. Yet, van de Poppe’s lens cuts through the noise, emphasizing that the current market environment—far more hostile than NEAR’s own fundamentals—creates asymmetric upside for patient accumulators.
Fundamentals? They’re firing on all cylinders. NEAR’s Intents system, a chain abstraction marvel, has processed over $570 million in volume with 1.2 million swaps since launch, up 200% in six weeks. Partnerships with Everclear for settlements and Bitwise’s staking ETP underscore institutional intrigue. The October 30 inflation halving slashed annual emissions from 5% to 2.5%, burning fees that hit $10 million last month—a deflationary tailwind in a supply-constrained world.
Van de Poppe isn’t blind to risks. Crypto’s Fear & Greed Index scraped 12 (extreme fear), the lowest since 2022, as altcoins bleed under macro liquidation cycles. NEAR’s RSI screams oversold, but resistance looms at $2.03 (78.6% Fibonacci). A break above could spark a rebound to $2.50; failure risks probing $1.73 support again.
For Layer-1 warriors, this dip echoes 2023’s capitulation before a 1,000% rip. With AI agent tooling drawing devs from Ethereum and Solana, and cross-chain fees offsetting miner pressure, NEAR’s utility narrative holds firm. Van de Poppe’s call? Load up now—the bear market’s chill is temporary, but cycle lows like this forge legends. As Bitcoin stabilizes, watch NEAR for the first altcoin spark in a smoldering rally.
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.
