$NEAR Protocol has spent months under pressure, but the weekly chart is finally starting to show signs of life again.

After a long downtrend from the 2024 highs near $9, the price slowly stabilized around the $0.8 to $1.2 zone and started building a base instead of continuing lower. Now, $NEAR is pushing back above the short-term moving averages and trying to reclaim momentum.

The interesting part is the structure. This is not a random spike. It looks more like early accumulation with gradual higher lows forming on the weekly timeframe. RSI is climbing back toward neutral strength while MACD is beginning to turn positive after a long bearish period.

The major level to watch is the 30 MA, around $1.55, which price is now testing. If $NEAR can hold above this area and continue building strength, the chart could shift from recovery into a proper trend reversal.

For now, NEAR still has work to do, but compared to previous months, this is one of the better-looking structures it has printed in a while.

This is not financial advice.

#Macro Insights#