NEAR Token Listed on Backpack Exchange as Price Breaks Resistance

NEAR Protocol has expanded its trading options with the listing of its token, NEAR, on Backpack Exchange. The exchange also supports native USDC on the NEAR network, enhancing liquidity and trading infrastructure for users. This development comes as NEAR's price shows signs of strength, having broken above its previous resistance level near $3.30.

The breakout has shifted focus toward the $5, $6 supply zone, a key test area for the token. Analyst Giannis Andreou notes that holding the $4.95 midpoint of the Fibonacci and a weekly close above $6 would strengthen the bullish case. Success in retesting the breakout at $6 could target levels around $7.27 and $8.20, though the $7.50, $9.00 zone remains a notable supply area.

If NEAR fails to maintain the breakout, Andreou warns of a potential fall toward $4.00 and $3.30. The Backpack listing and USDC support add to the growing interest in NEAR, as the market watches whether these factors sustain demand and technical strength. The next key levels to watch are $4.95 and $6, which will determine the token’s short-term trajectory.