NEAR Bulls Eye 20-Day MA Reclaim as Network Intents Surge Amid Price Consolidation

Source: Cryptonews Original Title: NEAR bulls face key 20-Day MA reclaim as intents explode and price bases at support Original Link:

Network Activity Divergence Points to Potential Bottom

NEAR has dropped back to its lowest level since October 10 while network intents and revenue grow at triple-digit monthly rates, creating a sharp usage-price divergence. Analyst Michaël van de Poppe reported that NEAR intents are expanding at triple-digit rates each month, even as the token’s price continues to trade within a multi-week range. The divergence between network usage and price performance has created conditions that analysts say often precede significant directional movements.

Signs of Stabilization Emerging

Van de Poppe stated that NEAR is showing early signs of stabilization following a prolonged decline. The analyst noted that consolidation at current levels could indicate accumulating strength, particularly if the price moves above the 20-Day Moving Average. A breakout above this short-term trend indicator would represent one of the first signals that momentum is shifting.

A move above nearby short-term resistance would place NEAR back inside its broader trading range, potentially opening a path toward previous highs. Van de Poppe described the current structure as the strongest accumulation cluster since October and November, with buyers defending the liquidity zone where previous recoveries began.

Technical Structure and Key Levels

Chart data shows a sharp downward trend dominated NEAR’s price action through October and November, with a series of lower highs and lower lows. Volume increased during the final stage of the decline, which analysts interpret as a potential capitulation event. Price has since begun to flatten, forming a short-term base and attempting to reclaim prior breakdown levels.

Technical indicators show repeated tests of a lower band, suggesting the area has become a key support level. A sustained move above the 20-Day Moving Average would mark the first meaningful shift in momentum in several weeks.

Path Forward

If NEAR clears the key resistance area, the broader trading range reopens and a move toward previous range highs becomes possible. If the breakout fails, price may continue compressing until buyers accumulate sufficient momentum to challenge resistance again.

With network activity accelerating and market structure tightening, the next breakout attempt will likely determine whether the multi-week decline represents a long-term bottom or a temporary pause.