NEAR Protocol Price Rebounds from Support, but Descending Channel Remains

The NEAR Protocol price has recovered from the $1.5430 support area and is now trading near $1.63, up around 2.3 to 2.5 percent over the past 24 hours.

This bounce has been driven by buyers returning to the market, with rising volume and a 4-hour RSI moving back above neutral territory.

However, despite this improvement, NEAR remains inside a broad descending channel on the 4-hour timeframe, which has kept resistance sloping lower for weeks.

The channel itself has not been broken, but if NEAR loses $1.5430 on a confirmed basis, it could shift attention toward $1.3904.