- NEAR price has been held in a falling wedge, which indicates less volatility and tightening market structure.
- The support is still at $1.49 and the resistance at $1.53 which limits the downside and the short-term upside movement respectively.
- The wedge formation defines breakout parameters, with technical scope pointing to a possible 40–50% move.
NEAR Protocol traded near $1.53 during the latest session as price action compressed inside a clearly defined falling wedge. The four-hour chart showed lower highs and higher lows tightening steadily. This structure framed market attention on a potential directional move. Price activity stayed contained, while volatility narrowed across consecutive sessions. Notably, this compression unfolded after an extended decline. That context shaped how traders monitored short-term levels and positioning.
Price Compression Shapes Short-Term Structure
NEAR held a tight range as sellers and buyers met within converging trendlines. The existing price of $1.53 showed a small 0.1 percent per day decrease. But price did not fall below the support of the $1.49 in the course of the session.That behavior kept downside movement limited. At the same time, resistance aligned closely with $1.53. This overlap narrowed the effective trading range further.
As compression increased, the wedge structure became more visible. The pattern developed without sharp volume spikes. Therefore, price behavior stayed orderly rather than reactive. This setup naturally directed attention toward breakout thresholds.
Key Levels Define Immediate Market Focus
Support at $1.49 continued to anchor short-term downside control. Price tested this area without extending losses. Meanwhile, resistance at $1.53 capped intraday advances. The 24-hour range remained narrow between these levels. That balance reflected ongoing indecision rather than trend expansion. In BTC terms, NEAR traded near 0.00001722 BTC with a 0.8% change. This relative stability added context to the compression phase. As a result, traders tracked level interaction rather than momentum. These conditions set the stage for evaluating directional follow-through.
Wedge Structure Highlights Breakout Parameters
The falling wedge on the four-hour chart defined clear technical boundaries. Price continued squeezing toward the apex of the structure. This alignment placed emphasis on trend resolution rather than continuation.
According to the setup, a breakout from the wedge could allow a 40% to 50% upward move. However, price had not confirmed such a move during the observed period. Until resolution occurs, structure alone guides expectations. This technical framing remained central to NEAR activity within the broader context of the NEAR Protocol market.
