Analyst Michaël van de Poppe calls NEAR his largest holding, citing $94.68M in TVL and growing revenue. A weekly close above $3.05 would confirm a breakout toward $5.35.
Alpha Score of 55 reflects moderate overall profile with moderate momentum, moderate value, moderate quality, poor sentiment.
Near Protocol's NEAR token is the largest holding of crypto analyst Michaël van de Poppe, who expects it to reach a new cycle high. He pointed to the token's role in artificial intelligence and cross-chain trading infrastructure as the reason for his view.
NEAR Intents, a system that lets users move or swap assets across blockchains by stating their goal while the network handles execution, held $94.68 million in total value locked as of Thursday. That includes $38.14 million on Near, $26.93 million on Ethereum and $9.78 million on Bitcoin. The figure is roughly three times the $31.6 million locked in October 2025.
Trading volume has climbed alongside TVL. NEAR Intents processed $2.47 billion in DEX volume over the past 30 days, with $447.93 million in the past week and $69.56 million in the past 24 hours. Cumulative DEX volume stands at $21.14 billion.
The protocol generated $2.39 million in fees over the past 30 days, an annualized pace of $35.08 million. Revenue for the same period was $749,792, with annualized revenue near $4.77 million.
"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.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.