NEAR Price Breaks Key Resistance, Eyes $3-$4 Target

The NEAR Protocol price has broken key resistance and is showing renewed bullish momentum. This breakout suggests buyers are gaining control, and the asset may be entering a stronger recovery phase.

According to Michael van de Poppe, a crypto analyst, the NEAR price broke above a key resistance area in its Bitcoin trading pair, signaling improving relative performance.

The $3-$4 region has emerged as a potential target for the NEAR price if this momentum persists. However, the asset must maintain its breakout and avoid slipping back below key support for this scenario to remain valid.

Coinglass data shows that trading volumes have increased by 34.88% to hit $1.05 billion, while open interests have risen by 13.99% to reach $630.13 million. This indicates new money is being invested in the derivatives market.