NEAR Price Prediction: Can It Hit $13 After Bouncing Off Key Support?
Key Takeaways
- NEAR bounces from long-term support, showing signs of renewed bullish strength.
- Solberg Invest sets optimistic targets of $7$8 and $13, with potential for even higher gains.
- The macro chart highlights a classic ascending triangle, pointing to a breakout scenario.
NEAR Protocol has quietly entered a pivotal phase, with its price currently holding at $2.54, reflecting a 3% rise over the past 24 hours. In the background, a macro technical setup is forming that may alter the path for the altcoin in the upcoming months.
Such a rebound is driven by a fresh jump from a solid long-term support, a move now being noticed in trading circles everywhere.
Crypto analyst Solberg Invest published a macro chart on X on April 23, 2025, detailing a NEAR bull trend. The analysis covers 2019 to 2025, with candlestick visuals illustrating past changes in price momentum.
Based on the chart, NEAR took a textbook cycle: flat consolidation during early years, breakout in 2021 at $18$20, followed by a steep fall, and now a phase of recovery.
This bounce-off $2$3 support is the third major phase in this cycle. The chart marks this level with a horizontal line in green, implying that market participants are again building a position in NEAR in this area. From here, higher levels of resistance become more plausible.
NEAR Climbing Toward $7$8 and Beyond
On Solbergs macro roadmap, two distinct price targets are established: $7$8 as a first resistance level and $13 as a reach target. These are not random projections.
The first target is situated in a historically challenged area with previous breakout attempts failing there, and the second is a potential continuation move in case momentum is carried forward after the breakout.
What is interesting in this setup is the development of an upward triangle, a bullish continuation chart pattern. Horizontal support at $2$3 and an upward line of higher lows signal a constricting formation.
This is usually followed by a breakout to the upside with high volume. In case NEAR crosses over the $7$8 resistance barrier, a possibility for reaching at least to the $13 mark, or quite likely above, intensifies.
The recent candlesticks imply price action fluctuating in the $4$5 zone, though the price has temporarily dropped to $2.54 due to market volatility. The macro trend still holds unless the NEAR price drops below its critical support again.
Solberg Invests chart is significantly more positive than CoinCodexs April prediction, which placed NEARs high in 2025 at $3.76 and 2026 predictions at $5.26. This divergence reflects varying opinions regarding market catalysts.
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Read more: https://www.tronweekly.com/near-price-prediction-can-it-hit-13-after/
Text source: TronWeekly
