$NEAR Bulls Eye $1.85 as Staking Rolls Out

Near Protocol's $NEAR price action has been gaining bullish momentum after bouncing from the $1.54 pennant support, which has contained the token since early June.

The recovery comes as Near Protocol introduces staking on its network, a development that could amplify the token's latest move.

Whale activity is increasing across both Spot and Futures markets, with longs accounting for 59% of total exposure. This increased participation could provide additional buying pressure if whale orders continue to flock in, potentially helping $NEAR overcome the pennant resistance and extend its recovery.

A sustained break above the pattern's upper resistance at $1.85 could signal a shift in momentum, exposing a major liquidity cluster worth around $3.2 million sitting between the $1.80 and $2.00 zones.