NEAR Protocol Analysis: Breakout Potential to $5.85

NEAR Protocol is currently trading at $2.84, reflecting a 7.86% decline over the previous 24-hour period. This short-term weakness is further evidenced by a 4.68% drop across the preceding week, indicating a period of cautious investor sentiment. Despite these declines, trading activity remains steady, with a volume of $328.5 million, which saw a slight increase of 0.46%. This combination of price frailty alongside consistent trading volume suggests the market is at a critical juncture, with participants closely watching for a decisive move.

The price action has formed a pattern of higher lows, a technical development that analysts view as a constructive sign amidst the recent sell-off. This pattern stokes hopes that the asset is consolidating before a potential significant move. The current price level represents a key technical test; failure to hold could validate the recent weakness, while a rebound could signal the start of a new upward trajectory.

According to crypto analyst Jonathan Carter, NEAR Protocol is forming a triangle compression pattern on its charts. This pattern typically signifies that an asset is undergoing its final stage of consolidation before a substantial price movement. The formation suggests that selling pressure and buying interest are reaching an equilibrium, with a breakout becoming increasingly likely.

Carter’s analysis identifies rising pressure at a key resistance zone. A successful break above this zone is critical, as it could provide the foundation for firmer bullish momentum. The analyst has outlined three fundamental target levels should positive momentum take hold: $4.27, $4.89, and a primary target of $5.85. These levels are significant as they coincide with prior resistance areas; breaching them would be instrumental in regaining market confidence and potentially spurring new capital inflows.

Traders are monitoring this setup closely, as a confirmed breakout would sharply alter NEAR’s near-term trajectory. Conversely, a rejection at resistance would confirm the recent price weakness and could lead to further declines. The technical picture, therefore, presents a clear binary outcome for the token in the coming weeks.

Looking further ahead to 2025, analyst forecasts for NEAR Protocol present a divided picture, reflecting uncertainty about its long-term growth trajectory. On the bullish end of the spectrum, DigitalCoinPrice predicts that NEAR could break through $6.23 by the end of 2025. The firm’s analysts believe the token could settle within a range of $4.63 to $6.23, positioning it for resurgent growth and moving it closer to its all-time high of $20.42.

In stark contrast, Changelly offers a far more conservative prognosis. Their technological forecast projects a 2025 price range with a minimum of $2.48 and a maximum of $2.93, averaging around $3.38. Zooming in on September 2025 specifically, their experts calculate an even more modest range from $2.82 to $2.90, which would represent a potential return on investment of just 0.69% from current levels.

This wide disparity in long-term predictions—from Changelly’s $2.48 floor to DigitalCoinPrice’s $6.23 ceiling—highlights the significant uncertainty and variables that will influence NEAR’s value over the next year. The token’s ability to achieve its near-term breakout targets will likely be a major factor in determining which of these long-term scenarios unfolds.