NEAR Token's AI and Cross-Chain Growth Draws Analyst Bullish Call

"Revenue [is] constantly growing into this ecosystem, meaning that, even though the bear market is relatively bad, it continues to outperform nearly everything and should be an anchor in a portfolio," van de Poppe said. He added: "Despite the fact that it has seen a lot of upside already, I must say that I do expect this one to run towards a new cycle high shortly."

NEAR was trading near $2.39 on van de Poppe's chart. His setup points to a possible retest of the $2.20–$2.30 area before a move toward $2.98–$3.20. A decisive move above that resistance zone would strengthen the case for a new cycle high, while a drop below $2.01 would weaken the bullish setup.

The weekly chart shows a potential inverse head-and-shoulders pattern, a bullish reversal structure that often appears after a prolonged downtrend. The left shoulder sits near $1.70–$1.80 from mid-2025, the head near $0.80 from early 2026, and a possible right shoulder forming near the same $1.70–$1.90 support zone. The neckline is near $3.05, which also aligns with a major horizontal resistance level.

A weekly close above $3.05 would confirm the breakout and open the door to a measured move toward $5.35, based on the pattern's height. That would represent a gain of about 140% from current levels near $2.23. NEAR must first reclaim its 100-week EMA near $2.58, followed by the neckline. A drop below the right-shoulder zone, also aligning with the 50-day EMA near $2, would weaken the bullish reversal setup.