NEAR is attempting a recovery after hitting a new low yesterday, a move that drew attention from analyst Michaël van de Poppe.
The asset fell sharply into the $1.60 zone before staging a strong rebound toward $1.80, signaling early signs of stabilization after a difficult week.
NEAR Bounces Strongly After Steep Sell-Off
The chart shows a decisive breakdown late in the session, sending NEAR from the mid-$1.80 range into its lowest valuation since October and November of last year. Volume increased during the drop, highlighting the intensity of the sell-off.
However, the data indicates that buyers stepped in aggressively as price approached $1.60, sparking a swift V-shaped recovery toward the $1.78–$1.82 region. The intraday reversal marks NEAR’s first meaningful attempt to rebuild structure after days of persistent downside pressure.
Van de Poppe: Recovery Depends On Clearing $1.80 And $1.95
In his analysis, van de Poppe notes that while NEAR’s new low is “not great,” the market appears to be reversing quickly. He identifies two essential resistance levels:
- $1.80: The first threshold price must reclaim to neutralize immediate downside pressure
- $1.95: A higher confirmation level that could open the door to stronger upward momentum
The chart included in his post highlights a wide resistance zone formed throughout previous consolidation phases. Reclaiming this area would represent a structural improvement and could accelerate bullish momentum.
$NEAR hit a new low yesterday.
Not great, I can say that for sure.
However, it's probably reversing fastly.
What does it need to do?
Exactly: break through $1.80 & $1.95 and then we should be good to go upwards from here. pic.twitter.com/t6N5CvZZgB
— Michaël van de Poppe (@CryptoMichNL) December 2, 2025
Market Structure Still Fragile Despite Rebound
The TradingView graphic shows NEAR’s broader price action transitioning from weeks of sideways movement into a breakdown and an immediate recovery attempt. While the bounce is notable, resistance overhead remains dense.
Momentum indicators in the shared analysis point to exhaustion after repeated declines, which may explain the rapid reaction off the lows. Still, NEAR remains below a long-standing resistance band, and the market will need sustained buying pressure to confirm a trend reversal.
What Comes Next For NEAR
NEAR now sits at a critical inflection point. The rebound shows buyers are active, but the market’s next phase hinges on whether the asset can reclaim and hold above $1.80, followed by $1.95. These levels form the gateway to any meaningful recovery.
For now, NEAR’s sharp bounce offers early signs of stabilization, but the path forward depends on overcoming the resistance that has capped every rally throughout the past several months.
