In 2024 Q1, NEAR price reached a high of $9, but by Q3 of 2024, it retraced back to $3.5 from sell pressure, but in Q4 it rebounded last year with Donald Trump winning the election. This win was a massive sentiment booster for investors globally, which boosted the altcoin sector that benefited NEAR, but the rally took its price to $8.2, which was a strong supply level.
This supply level was so firm that it gave a hard time to its price action in Q1 2025, even $3.5 multi-month support was breached and turned into a resistance by dipping to a low of $1.8. However, in Q2, recovery was seen, but it remained brief, as it waned by mid-May. At present, in June this week, it is following an ascending wedge, and where NEAR is at the lower border’s support.
If it falls from here, then the $1.8 support area would be next, which will magnify investors’ fears. Under this possible condition, if NEAR price succeeds in clearing $1.8 support, then it will aim for the $1.0 mark.
However, in the second week of June, the bullish factors aligned for a short-term rise in the crypto sector. If this continues, then by the end of June, NEAR crypto might retest the $3.5 resistance.
Additionally, if the adoption and institutional interest rise, followed by improved geopolitical conditions, then the entire altcoin market could be nourished. There is a pretty high chance that, like last year, NEAR price may aim to retest the $8 to $9 supply range by 2025 end, but for that, it must give a weekly close over $3.5 in June and must register a Change of Character (ChoCh) above $4.345 in the following months for long-term bullish confirmation.
Year Potential Low Potential Average Potential High 2025 $1.95 $4.34 $9.00NEAR-price.webp
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