Near Protocol price approaches bottom level according to Michaël van de Poppe

Near Protocol is showing a notable move around a key support level on higher timeframes. Analyst Michaël van de Poppe states that Near Protocol’s correction may be coming to an end and that a recovery move is on the way towards $2.40.

Near Protocol is available at OKX and Bybit.

In brief:

• Van de Poppe sees a bullish divergence on Near Protocol’s MACD at a key support level.
• According to him, the first real test lies at $1.85 (approximately €1.60).
• He expects Near Protocol to set a new all-time high in the fourth quarter of 2026.

Bullish divergence on the MACD

Van de Poppe shares an analysis of the Near Protocol price on a higher timeframe. Near is currently trading around $1.65, up 2.9% in the past 24 hours. According to the analyst, the price is at a significant support level, where he observes a bullish divergence on the MACD.

He notes that MACD divergences are generally somewhat less powerful than divergences on the RSI. Still, he sees this as a sign that Near’s downward correction is entering its final phase. The attached chart shows that the price is in a green-marked support area, with resistance levels at €1,579 and €2,202.

Expected recovery towards $2.40 and then higher

The first serious test that Van de Poppe mentions is the level of $1.85, which corresponds to approximately €1.60. If Near manages to touch that level, he sees it as confirmation that the price is forming a higher low. Subsequently, he expects an upward move towards $2.40, which amounts to roughly €2.00.

In the longer term, Van de Poppe is optimistic. He expects Near Protocol to set a new all-time high in the fourth quarter of 2026. Should the market first show a dip towards the current support area, he regards that as an attractive entry point to buy more.