NEAR Price Analysis: Accumulation Zone in Sight for Day Traders

The crypto market is currently in a strange phase of equilibrium. Analyst Michaël van de Poppe sees an interesting opportunity for NEAR in this climate, especially for active traders. With the expected volatility around the SpaceX IPO on the horizon, he points to a specific zone where NEAR becomes attractive to enter.

NEAR is available at OKX and Bybit.

NEAR holds its ground, but lacks upward strength

According to Van de Poppe, NEAR is holding up reasonably well, but currently lacks real upward momentum. His TradingView chart shows he is marking a potential entry zone around €1.66 to €1,73. with a stop-loss at €1.47 and a target price of €2.56. The risk/reward ratio stands at 5:12, which in his view makes it an attractive setup for day traders.

For long-term investors, he sees the current situation as an opportunity to accumulate instead. In his words: if the market offers this opportunity, this is an excellent area to step back in. The arrival of the SpaceX IPO plays a role here, as it is expected to generate additional market movement.

Bitcoin as a key for a NEAR rally

Van de Poppe directly links NEAR’s outlook to the recovery of Bitcoin, which is currently at $62.700 with a gain of 1.9% over the past 24 hours. If Bitcoin moves upward, he expects NEAR to quickly follow with a strong rise towards previous highs. That pattern is familiar to anyone following the altcoin market: as soon as Bitcoin picks up, many alts rally along with it.

Van de Poppe indicates that he intends to actively trade NEAR and, as those higher levels approach, partially reduce his altcoin portfolio. In doing so, he positions himself as someone who wants to capture the upward move but is also not waiting too long to take profits. Whether the setup actually materialises depends heavily on the direction Bitcoin chooses in the coming days.