$NEAR is starting to look like a textbook cycle recovery setup

The chart has been respecting the same descending structure for years

and the key historical levels are obvious:

🎯 $3.30 - first major resistance

🎯 $8.87 - previous cycle supply zone

🎯 $20.55 - macro target and former cycle high region

What makes this interesting is how far $NEAR has already corrected from its highs while continuing to build a long-term base

A reclaim of the $3.30 area would be the first real signal that market structure is shifting back in favor of buyers

From there, the chart opens up considerably, with relatively little resistance until the $8-9 region

Most traders are focused on recent price action, but the weekly chart suggests this may be the beginning of a much larger move

If the broader market remains supportive, $NEAR has plenty of room to expand before revisiting its major cycle levels