Near Protocol Price Dips: Entry Opportunity Around $1.30

The Near Protocol price is under pressure. At the time of writing, NEAR is trading at $1.79, a drop of 4.9% over the past 24 hours. However, analyst Michaël van de Poppe sees this not as bad news, but rather as an opportunity to enter at lower levels.

Near Protocol is available at OKX and Bybit.

Van de Poppe wants to accumulate between $1.30 and $1.50

According to Michaël van de Poppe, the NEAR price is now breaking downwards, which he sees as an ideal entry point for the next one to two weeks. He says he would like to accumulate in the price zone between $1.30 and $1.50.

On the daily chart, it is clearly visible that NEAR has fallen sharply after its peak in June near $3. The price is now moving around $1.79 and is approaching a support zone that Van de Poppe marks as an interesting buying area. Resistance is much higher, around $2.56.

Technical picture points to further decline in the short term

The chart shows that NEAR has been in a downtrend over the past few weeks after the strong rally earlier this year. The price has tested the current levels several times but has not managed to recover. A green zone on the chart around $1.60 to $1.70 indicates where Van de Poppe expects possible support before the price falls towards his desired buying zone.

Whether the price will actually drop to $1.30 to $1.50 is of course uncertain. Investors following Van de Poppe’s reasoning are patiently waiting to see whether the market offers those levels in the coming weeks.