NEAR Protocol Tests Critical $1.80 Support Amid Bearish Market Pressure

NEAR Protocol is facing a pivotal moment as it approaches the crucial $1.80 support level, with analysts highlighting the potential for a significant breakdown if this zone fails. According to analyst Ali, the $1.80 area has historically served as a base for sharp rebounds, but recent price action shows accelerating weakness, with NEAR trading around $1.86 and struggling to sustain upward momentum.

The chart analysis reveals a pattern of lower highs and repeated rejections from resistance zones near $2.60 and $3.00, indicating diminishing buyer strength. A break below $1.80 could invalidate the long-standing trading range and expose liquidity vacuums, projecting a swift decline toward $1.40 or even $1, where previous accumulation occurred.

Market conditions reflect heavy selling pressure, with NEAR remaining below key moving averages, including the 50-day SMA at $2.39 and the 200-day SMA at $2.63. For stabilization, NEAR must reclaim the $2.00 resistance level; failure to do so increases the likelihood of a deeper bearish trend.