What is the current price of NEAR? $1.694. What does this position signify—has the rally in 2024 been fully digested, even falling back to the most difficult days at the end of 2023, oscillating repeatedly between $1.00 and $1.50?

The most heartbreaking part is that long wick that smashed down. The price instantly broke through $1.50, approaching the psychological barrier of $1.00, then was quickly pulled back. This drop completely washed out the last of the impatient chips.

NEAR is now a textbook golden pit. When a public chain project falls back to the previous bear market bottom, it’s usually the best opportunity to buy in. Although short-term momentum is still weak, the downside has been blocked by that long wick.

**Key levels to understand:**

Where is the resistance? In the short term, it’s stuck between $2.500 and $3.000—this is the platform from early 2024 when the rally started. Falling below this becomes a dead pressure zone. Only reclaiming this can truly turn the tide. Going higher to $4.000-$5.000 is even more difficult, as there are a lot of trapped positions in between.

What about support? Recently, the physical K-line topped at $1.500-$1.600. But there’s an even more critical level—$1.000-$1.200—this is the iron bottom, the lowest point in history combined with the recent wick touch, representing the last line of defense for institutions and long-term players.

**What about trading volume?**

In recent days, volume has increased at the bottom, indicating that big funds are quietly accumulating. Retail investors are panicking and selling off, while the main players are taking the opportunity to buy bloodied chips—classic accumulation signals.

**How to operate?**

If you’re still holding NEAR now, don’t give up before dawn. It’s back to historical lows; selling now would be purely a loss. Just hold tight. NEAR is supported by AI and sharding technology, and the next bull market will likely not be without it.

If you’re currently out of the market, this is the best time for left-side dollar-cost averaging. The risk-reward ratio is very favorable. It’s recommended to start around $1.50-$1.70, aiming for a double at $3.00, following a long-term strategy of chasing new highs.

In plain terms, NEAR has completed its stress test; now it’s a money-making phase designed for long-term deployment.