Crypto
NEAR Price Breaks Out of Falling Wedge as Zcash Transfer Activity Surges
The NEAR price has broken out of a falling wedge pattern that had constrained its market structure since 2024. The token's price had bottomed near $0.85 in February 2026 and climbed to $3.0 by early June, but then faced resistance at the wedge's upper dynamic level and retreated to the 1.50-1.60 region by mid-August.
However, the bulls returned quickly, creating a surge in demand that eventually pushed NEAR above the falling wedge in September. The token then rallied towards $4.80, putting a major technical breakout on the table.
The NEAR price needs to hold this breakout level at $4.34. A successful defense of this level could open the door for further gains towards $5.0 and potentially $6.0.