Near Protocol price initiates recovery according to Michaël van de Poppe

Near Protocol is, according to analyst Michaël van de Poppe, one of the first altcoins to start moving upwards again. The price is currently at $1.99, a rise of 3.8% in the past 24 hours, and Van de Poppe expects this move to continue towards $2.50 and possibly higher.

Near Protocol is available at OKX and Bybit.

Higher low as a positive signal

Michaël van de Poppe points to a higher low that Near Protocol has recently formed on the daily chart. For him, this is an important technical signal that the trend is turning. After the peak in June around €1.58 to €1.60, the price has been steadily climbing back up.

According to Van de Poppe, it is crucial that Near breaks through the resistance levels around €1.80 (approximately $2.10). If it succeeds, a path opens towards $2.50 or higher. On the chart, the target levels of €2.20 and €2.55 are clearly visible as the next serious obstacles.

Buying opportunity around $1.58 if the market pulls back

Alongside the optimistic scenario, Van de Poppe also accounts for a possible pullback. On the chart, he marks the zone around €1.58 as an attractive entry area. He states that this is an excellent level to accumulate if the market offers that opportunity.

Near Protocol is thus one of the names Van de Poppe is watching as the broader altcoin market shows signs of recovery. The combination of a higher low, rising volume and the technical resistance levels coming into view makes Near, in his view, an interesting coin to follow in the coming weeks.