NEAR Protocol (NEAR) has reclaimed a key support zone, signaling renewed accumulation and improved market structure. Rising liquidity and increasing protocol usage indicate stronger fundamentals and growing demand.
The price of NEAR is currently trading at $2.17 with a 24-hour trading volume of $233.95 million and a market capitalization of $2.83 billion. Following the 1.38% gain over the last 24 hours, the NEAR price structure and TVL growth suggest a bullish reversal ahead.
The crypto analyst Aman notes that NEAR has recently reclaimed a multi-year support zone that previously acted as a foundation for major rallies. This area has historically attracted strong accumulation, where selling pressure fades and buyers gradually regain control. The NEAR price behavior suggests renewed strength, hinting that sentiment may be shifting from distribution toward an early-stage accumulation phase.
The successful structural retest of the support zone may indicate an upcoming trend towards higher levels of resistance, which could put the $8 to $10 range within reach as a possible long-term target. However, market situation and liquidity flow are the final determinant factors for the NEAR price breakout.