- Near Protocol is testing key resistance at $3.55, with a breakout targeting $4.00.
- Social volume remains low, limiting potential momentum despite bullish technical indicators.
Near Protocol [NEAR ($3.40)] has been moving within a falling wedge pattern for several months, and the coin is now testing key resistance levels. At press time, NEAR was trading at $3.25, reflecting a 5.03% increase.
As it nears the upper trendline of the wedge, the question on many traders’ minds is whether the coin will break out above resistance or fail to hold its momentum.
This technical setup could trigger a major rally, but will it succeed in breaking the wedge, or will it face a pullback?
Will NEAR break through resistance or stall?
NEAR’s price action is at a critical juncture, testing an important level around $3.25. The coin is approaching the upper trendline of its falling wedge, with the next key resistance near $3.55.
If NEAR successfully breaks above this resistance, the next target would be around $4.00.
However, if the price fails to break out, it may retreat to the support zone at $2.97. A failure to break the resistance could lead to a period of consolidation or even a downward move, which would keep traders cautious. creator solana token
