NEAR (NEAR) Price Analysis: Rejected at Resistance Again; @CryptoMichNL Calls Buy-the-Dip and Targets $10 on Breakout | Flash News Detail | Blockchain.News
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11/11/2025 11:39:00 AM

NEAR (NEAR) Price Analysis: Rejected at Resistance Again; @CryptoMichNL Calls Buy-the-Dip and Targets $10 on Breakout

NEAR (NEAR) Price Analysis: Rejected at Resistance Again; @CryptoMichNL Calls Buy-the-Dip and Targets $10 on Breakout

According to @CryptoMichNL, NEAR has been rejected again at a key resistance zone after spending the entire year accumulating within a defined range, based on his X post on Nov 11, 2025. According to @CryptoMichNL, the trading plan is to buy the dip and wait for a confirmed breakout from this range, as stated in the same source. According to @CryptoMichNL, a successful breakout could drive NEAR toward the $10 level, per his X post.

Source

Analysis

In the dynamic world of cryptocurrency trading, NEAR Protocol has once again captured the attention of investors with its recent price action. According to crypto analyst Michaël van de Poppe, NEAR experienced another rejection at its key resistance zone, a pattern that aligns with its accumulation phase throughout the year. This development underscores the importance of strategic entry points in NEAR trading, where patience and timing can lead to substantial gains. As traders eye potential breakouts, understanding the current range-bound behavior is crucial for identifying buying opportunities on dips and positioning for upward momentum toward targets like $10.

NEAR Price Analysis: Resistance Rejection and Accumulation Trends

Diving deeper into NEAR price analysis, the token has been consolidating within a defined range for most of the year, as highlighted by Michaël van de Poppe in his November 11, 2025 update. This accumulation phase suggests building pressure that could result in a significant breakout. Historically, such patterns in altcoins like NEAR often precede volatility spikes, with traders monitoring support levels for dip-buying strategies. Without real-time market data at this moment, the focus remains on the observed rejection, which reinforces the resistance barrier. For those engaged in NEAR USD trading pairs, this moment presents a classic 'buy the dip' scenario, where entering at lower support zones could yield favorable risk-reward ratios if the breakout materializes.

From a technical perspective, NEAR's chart shows repeated tests of resistance, indicating seller dominance at higher levels but also resilient buying interest on pullbacks. Market indicators such as trading volume during these rejections can provide clues; for instance, if volumes decrease on upward attempts but spike on dips, it signals accumulation by smart money. Traders should watch for on-chain metrics, including active addresses and transaction counts on the NEAR Protocol blockchain, which have shown steady growth despite the range-bound price. This accumulation mirrors broader crypto market trends, where altcoins often consolidate before following Bitcoin's lead in bull runs. As NEAR approaches potential breakout points, incorporating tools like moving averages and RSI for overbought/oversold signals becomes essential for informed trading decisions.

Trading Strategies for NEAR Breakout Opportunities

Implementing effective trading strategies for NEAR involves a dual approach: buying dips within the current range and waiting for confirmed breakouts. Michaël van de Poppe suggests that a successful breach of resistance could propel NEAR to $10, a target that aligns with Fibonacci extension levels from previous highs. For spot traders, accumulating during dips near support zones—potentially around $4 to $5 based on yearly lows—offers a low-risk entry. Leverage traders on platforms like Binance might consider long positions with tight stop-losses below key supports to manage downside risks. Additionally, monitoring correlations with major cryptocurrencies like BTC and ETH is vital; a Bitcoin rally could catalyze NEAR's breakout, enhancing cross-market trading opportunities.

Beyond immediate price action, broader market sentiment plays a pivotal role in NEAR's trajectory. Institutional flows into blockchain projects with strong fundamentals, such as NEAR's sharding technology for scalability, continue to bolster long-term optimism. While the crypto market remains influenced by macroeconomic factors like interest rate changes, NEAR's focus on decentralized applications positions it well for adoption-driven growth. Traders should stay alert to news catalysts, such as protocol upgrades or partnerships, which could accelerate the breakout. In summary, the current rejection phase is not a setback but a setup for potential explosive moves, encouraging disciplined strategies that prioritize patience and data-driven entries. By focusing on these elements, investors can navigate NEAR's market dynamics with confidence, aiming for profitable outcomes in this evolving crypto landscape.

Overall, this analysis emphasizes the value of range trading in cryptocurrencies, where NEAR exemplifies how accumulation periods can lead to rewarding breakouts. With no immediate real-time data shifts, the narrative from Michaël van de Poppe provides a solid foundation for traders to build upon, ensuring they are prepared for the next phase of price discovery.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast