Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Near Protocol (NEAR) To Surge Higher? Key Pattern Formation Signals Potential Upside Move

Near Protocol (NEAR) To Surge Higher? Key Pattern Formation Signals Potential Upside Move

CoinsProbeCoinsProbe2025/12/08 14:30
By:Nilesh Hembade

Date: Mon, Dec 08, 2025 | 06:58 AM GMT

The broader crypto market is beginning to stabilize after a volatile weekend, with both Bitcoin (BTC) and Ethereum (ETH) recovering more than 2% today. This shift in sentiment is allowing several altcoins to reenter upward trajectories, including Near Protocol (NEAR), which is now showing signs of technical strength backed by a developing bullish structure.

Near Protocol (NEAR) To Surge Higher? Key Pattern Formation Signals Potential Upside Move image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Potential Upside

On the 4-hour chart, NEAR is carving out a Bearish Butterfly harmonic pattern. While traditionally labeled bearish at completion, this setup usually drives stronger upside during its CD leg, before reaching the final reversal zone. The ongoing price movement suggests that NEAR is currently in that upward phase.

The pattern began at Point X near $1.989, followed by a corrective pullback into Point A. A rebound into the Point B region marked temporary resistance, before price retraced again into Point C near $1.643—an area now acting as the foundational support of the entire structure. From that point, NEAR has rebounded firmly and is currently trading around $1.77, indicating renewed buyer engagement.

Near Protocol (NEAR) To Surge Higher? Key Pattern Formation Signals Potential Upside Move image 1 Near Protocol (NEAR)/Coinsprobe (Source: Tradingview)

Price is now pushing toward the 100 moving average at $1.818, a level that aligns directly with harmonic progression. A close above this threshold will be a key trigger for continuation, allowing bullish momentum to gather further strength.

What’s Next for NEAR?

As long as NEAR maintains structure above $1.643, the current pattern remains valid and technically constructive. If bullish pressure successfully breaks and sustains above the 100 MA, the harmonic projection points toward the Potential Reversal Zone (PRZ) between $2.099 and $2.239. This area represents the typical completion zone for the Butterfly formation and may provide NEAR with an upside window of nearly 18% before pattern exhaustion becomes relevant.

The near-term chart tone is also supported by improved momentum profiles, with emerging higher lows indicating strong participation from buyers even during small corrective pauses.

The road to the PRZ may include short-term resistance reactions, but if NEAR continues to build atop the 100 MA, the setup supports a breakout-driven move rather than a fade.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Zcash Halving Scheduled for November 2025: Igniting a Bull Run for Privacy Coins

- Zcash's 2025 halving reduced block rewards by 50% to 1.5625 ZEC, implementing ZIP 1015 to lock 12% of rewards in a community-controlled wallet. - Total ZEC supply remains capped at 21 million, with 16.3 million in circulation, tightening liquidity and mirroring Bitcoin's scarcity-driven model. - Historical Bitcoin halving patterns suggest Zcash's deflationary design could trigger a bull cycle, supported by 700% price growth since September 2025. - Privacy coins like Zcash now attract institutional invest

Bitget-RWA2025/12/14 18:16
Zcash Halving Scheduled for November 2025: Igniting a Bull Run for Privacy Coins

The Rise of Financial Wellness: Exploring a New Era in Impact Investing

- Financial wellness movement integrates emotional, mental, and systemic solutions to address rising financial stress affecting 53% of Americans. - Employers adopt earned wage access (EWA) and SECURE Act 2.0-driven retirement programs to reduce workplace financial strain and boost productivity. - Fintech/edtech leverages AI for personalized financial tools, while impact investors allocate $1.164T to projects combining social good and returns. - Corporate wellness programs now include budgeting apps and AI

Bitget-RWA2025/12/14 18:16
The Rise of Financial Wellness: Exploring a New Era in Impact Investing
© 2025 Bitget