NEAR Protocol (NEAR) has entered the new year with a notable burst of momentum, climbing roughly 7% and pushing price back toward a key technical area. After several weeks of persistent downside pressure and consolidation, this move has shifted short-term focus toward whether buyers can reclaim previously lost levels. With price now hovering near a historically important zone, the coming sessions may be decisive for NEAR’s near-term structure.

NEAR Protocol technical analysis

NEARUSD - 1 Day Time Frame

On the daily chart, the 1.50 level represents the primary support, forming the base from which the latest rebound developed. This area has repeatedly absorbed selling pressure in recent weeks, reinforcing its role as a structural floor.

Price is currently trading around 1.60, a key support/resistance (S/R) level. This zone has acted as a pivot in the past and is now being tested from below after the recent rally. A sustained hold above 1.60 would signal that buyers are beginning to regain control, at least in the short term.

Above this level, the blue-shaded buy-side liquidity zone extends from 1.60 to 1.80. This range represents an area where price previously found support in early December but is now functioning as resistance. A clean break and consolidation above 1.60 could allow NEAR to rotate higher within this zone, targeting the 1.80 S/R level. While currently acting as resistance, 1.80 previously served as a meaningful support, increasing its technical relevance.

Beyond that, the 2.00 level stands out as major resistance. This zone capped price action during the November decline and had earlier functioned as a strong support throughout that month. A successful reclaim of 1.80 would increase the probability of a move toward 2.00, where stronger selling interest could emerge again.

NEAR price target

As long as NEAR holds above the 1.50 support, the structure remains constructive, with the recent bounce suggesting improving short-term sentiment. A confirmed break above 1.60 could open the way for a move toward 1.80, while a further reclaim of that level would shift focus to the 2.00 resistance. Conversely, failure to hold current levels may return attention to the lower support zone.

Overall, while the broader trend remains cautious, the latest price action subtly tilts the balance toward the buy side, provided key levels are reclaimed and defended.