NEAR Protocol (NEAR) remains in a broader bearish trend on the daily chart, trading below the Ichimoku cloud with a red forward cloud signaling continued downside pressure.
As of March 2, 2026, the current bounce toward $1.20–$1.25 faces strong resistance, with major upside targets at $1.36–$1.40 and $1.60 only if structure shifts.
According to the TradingView chart, if the price rejects below $1.25 and loses $1.05–$1.07 support, downside targets become $0.95, $0.80, and potentially lower.
A confirmed bullish reversal requires a strong close above $1.40, which would open targets toward $1.60 and possibly $1.80 in continuation.
Also Read: Near Protocol (NEAR) Price Struggles at $1 Support, Potential Move to $1.40
Descending Channel Between $1.00 and $1.35 Defines the Trend
According to the crypto analyst Globe of Crypto. NEAR remains in a broader daily downtrend, forming consistent lower highs and lower lows within a descending channel.
The Price recently stabilized around the $1.00–$1.10 support zone, indicating compression and potential accumulation near the lower boundary of the structure.
Immediate resistance sits at $1.18–$1.22, followed by a breakout trigger around $1.30–$1.35, where the descending trendline breaks. If momentum builds, upside targets come at $1.75–$1.90, then $2.20, marking prior breakdown and mid-channel resistance zones.
A bullish turnaround will be confirmed only if the price remains above $1.05 and makes a strong move above $1.30. If so, the trend may move towards $1.75, then $2.20, and finally towards the major structural level at $2.400 in the upper distribution zone.
RSI at 49.69 and MACD Crossover Signal Early Recovery
From an indicator perspective, the RSI (14) is at 49.69, with its signal line at 41.66, indicating momentum that is close to being neutral but slowly reversing from the previous weakness.
After testing the oversold level in February, the RSI is now in the mid-50s, indicating stronger buying pressure but without a strong bullish bias.
The MACD configuration (12, 26, 9) indicates a histogram value of 0.03076, with the MACD line at -0.03018 and the signal line at -0.06094.
The momentum is turning positive as the MACD line crosses above the signal line, indicating the early stages of bullish crossover strength and the development of positive momentum.
Why This Matters
NEAR is currently positioned at a structurally crucial level, and breaking down below $1.05 could trigger quicker sell-off impulses.
A break above $1.40 could possibly indicate a large-scale trend reversal, opening the way up to $1.60-$1.80.
Also Read: NEAR Protocol Signals Breakout Power as $1.12 Level Holds Strong