NEAR’s 289-day consolidation forms higher lows and strong volume signals hinting at a breakout toward a major bullish expansion.
An analyst expects NEAR to surge beyond $8 as technical momentum and long-term structure point to a potential 300% rally.
The NEAR Protocol market is back on the watchlist of several analysts. Not because of the crash, but because the chart looks like something “long-held and ready to explode.”
Popular crypto analyst Master Ananda noted that NEAR has spent a full 289 days inside a sideways channel pattern since February.
He believes this extended period isn’t a sign of weak interest, but could actually be the foundation for a much larger surge.
The Signal Behind NEAR’s Potential 300% Breakout
In his analysis, Master Ananda stated that a very long consolidation phase usually serves as “a kind of resting place” before the market begins to move significantly in a new direction.
Source: Master Ananda on TradingView
Ananda highlighted that NEAR
