Near Protocol (NEAR) Mirrors Past Bullish Setup – Is This the Final Dip Before Takeoff?

Date: Tue, April 08, 2025 | 01:05 PM GMT

After a brutal Black Monday triggered by Trump’s aggressive tariff policies, the crypto market is showing signs of recovery. Bitcoin (BTC) and Ethereum (ETH) are both up by over 3%, and confidence is slowly returning to the altcoin space.

Among the altcoins , Near Protocol (NEAR) is also flashing green, though it’s still down 58% from its recent highs over the past 90 days. But despite the lingering bearish pressure, something very interesting is brewing on NEAR’s chart — and it’s catching the attention of seasoned traders.

Source: Coinmarketcap

NEAR Chart Mirrors Its 2021 Breakout Takeoff

Our analysis highlights an almost perfect fractal between NEAR’s current price action and its 2021 bull run. Back then, NEAR formed three descending peaks followed by a deep correction, eventually bottoming out in a green support zone (as seen on the left side of the chart). This setup looked like pure capitulation — right before a parabolic breakout that took NEAR from under $2 to nearly $12, a rally of over 400%.

Fast forward to today, and NEAR is showing a carbon copy of that exact structure. The right side of the chart shows NEAR printing the same three-peak pattern with a pullback into the same a similar accumulation range between $1.73 and $2.14 — the same green zone that preceded its 2021 liftoff. The projected path? A massive bounce and sustained rally — potentially toward double digits again.

Will History Repeat?

While nothing is guaranteed in crypto, the similarities between NEAR’s current chart and its 2021 setup are hard to ignore. If the fractal plays out again, the next leg up could be explosive — possibly pushing NEAR back toward double digits in the coming months.

With the broader market showing signs of strength, NEAR could be quietly preparing for a major breakout while others are distracted.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.