NEAR Price Surges 30% in Seven Days, Analysts Predict Targets Beyond $34.80
Near cryptocurrency is experiencing a significant price surge, climbing nearly 30% in just seven days. According to CoinMarketCap data, NEAR currently trades at $2.37.
The token's strong short-term move has caught the attention of altcoin traders who had written it off during the broader market's quieter stretches. Historically, a compressed gain like this signals renewed demand rather than a slow grind higher.
Despite its recent surge, NEAR remains far below its all-time high near $20, which it reached roughly five years ago. However, the token has risen 260% from its recent bottom over the past six months, shifting how traders think about its trajectory.
According to wave theory readings shared by market analysts, NEAR is currently in Wave 5 of a bullish move, part of a larger 5-wave advance. If this structure extends, it would confirm that this is only the first Wave A of a much larger ABC pattern.