NEAR Protocol Bullish Reversal Takes Shape Amid Growing Ecosystem Activity

NEAR Protocol (NEAR) is showing signs of renewed bullish momentum as traders monitor a potential inverse head-and-shoulders formation on the daily timeframe.

According to analyst Jack, NEAR could face an important technical test around the $2.90 level. A confirmed breakout above that area could strengthen the bullish structure and potentially open the way toward higher targets.

The setup comes as NEAR continues to hold above several key moving averages on the shorter timeframe. Although the token has pulled back from its recent high, technical indicators suggest that buyers remain active around important support zones.

Growing NEAR Intents activity also provides a supportive backdrop for the broader ecosystem and long-term outlook.