NEAR Protocol Breaks Above Inverse Head and Shoulders Neckline, Targets $6.00, $6.50
The NEAR Protocol has completed an inverse head and shoulders pattern on its weekly chart after two years of forming. The pattern's neckline at $3.00 was broken, marking a confirmed breakout. The measured move from this setup projects a target of $6.00 to $6.50.
Analyst @CryptoBullet1 flagged the setup, noting that it is not just a momentum trade but a macro structural reversal. This means that the pattern's completion could take several quarters and may not be a short-term trade.
The inverse head and shoulders pattern formed across approximately two years, from mid-2025 through mid-2026. The left shoulder developed in mid-2025, the head printed the cycle low near $1.00 in late 2025, and the right shoulder completed in mid-2026 before the $3.00 neckline breakout.
The pattern's completion is not guaranteed, but if NEAR continues to hold above $3.00 as weekly support, the measured move projects a move to $6.00, $6.50. A retest of the breakout zone between $3.50 and $4.00 that holds would strengthen conviction.