NEAR: Range Bound as Bitcoin Awaits Direction

NEAR trades at $2.1 inside a tight range while Bitcoin dictates the next market leg, according to trader Michaël van de Poppe. The analyst expects liquidity to rotate back into assets that held strength before the latest correction, naming HYPE alongside NEAR, ZEC, WLD and ONDO as names positioned to lead once BTC turns higher.

NEAR operates one of the sector’s most mature cryptoeconomic systems with a fully unlocked supply, a track record that shaped its token performance in prior market cycles. With price testing the EMA50 resistance at $2.13 while remaining above the EMA200 support at $2.01, the neutral RSI at 50.98 and MACD golden cross point to consolidation that should resolve higher once Bitcoin confirms direction; the Bollinger upper band at $2.21 offers the immediate volatility target if momentum returns.