NEAR Price Jumps 30% in Seven Days Amid Bullish Wave Theory Predictions

NEAR's price has surged by almost 30% in just seven days, leaving traders and analysts talking about wave patterns and price targets that were previously unimaginable. The altcoin currently trades at around $2.37, according to CoinMarketCap data, making it one of the strongest short-term moves among mid-cap tokens.

According to wave theory readings shared by market analysts, NEAR is in Wave 5 of a bullish move. If this structure extends, it would become part of a larger 5-wave advance rather than a standalone rally. This interpretation suggests that NEAR may be transitioning from a beaten-down altcoin into one that's attracting fresh speculative capital.

Analysts are predicting targets beyond $34.80 if NEAR completes its current 5-wave move, confirming this is only the first Wave A of a much larger ABC structure. Another analyst highlighted an accumulation strategy that started when the token traded below $1 and laid out a staged set of bullish targets: $8, $17, $30, and $50.