$NEAR has returned to one of the strongest long-term support zones on the entire chart after correcting more than 90% from its previous highs.
The market has spent many months consolidating instead of continuing the downtrend.
That prolonged sideways structure suggests sellers are gradually losing control.
Large accumulation phases like this often become the foundation for the next macro trend.
The current area also aligns with a critical historical support that has repeatedly attracted buyers.
As long as this level holds, the long-term structure remains constructive.
The first major objective sits around the 0.5 Fibonacci level near $10.5.
Reclaiming that zone would confirm that NEAR has shifted back into a higher-high, higher-low market structure.
Above that, the next key resistance comes in around the 0.786 Fibonacci level near $16.3.
This is likely where the market could experience its first meaningful wave of profit-taking.
If buyers remain in control, the final macro target is a retest of the previous all-time high around $20.5.
Breaking above that level would place NEAR into price discovery for the first time since the previous cycle.
From the current accumulation zone, the projected move represents roughly +1,000% upside.
The setup remains dependent on Bitcoin and overall market strength
but $NEAR continues to be one of the cleaner long-term recovery structures among major Layer-1 projects.
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