Its value remains below $2 and is over eighty five percent down from the top set in early 2022.
Technical signals still reflect heavy selling and no real signs of a bounce have yet appeared clearly
The chart shows NEAR has stayed under major resistance zones for more than twenty months now.
NEAR Protocol is trading over 85% below its all-time high, raising concerns about long-term value retention and investor sentiment. A chart posted on May 10, 2025, shows a percentage drawdown from ATH of -85.49%, with price trending under $2. This signals sustained market weakness and prolonged recovery hesitation despite broader crypto activity.
Source: X NEAR Struggles to Recover From Deep Multi-Year Decline
The drawdown chart reveals a continuous downward slope in NEAR’s price since late 2021. After peaking above $20, the asset has dropped by over 85% and currently trades closer to $1.80. The red-shaded area marks negative drawdowns, reflecting the percentage NEAR has fallen from its highest recorded price.
Between January 2021 and early 2022, NEAR saw strong price movement, climbing above $10 rapidly. However, by mid-2022, the trend began to weaken, and the price dropped below $5. Subsequent rallies have remained short-lived, with none breaking the drawdown trend that now spans over two years.
From mid-2023 to early 2025, the chart shows multiple attempts at recovery, but each was met with selling pressure. Price movements between $2 and $3 failed to break above resistance. Today, the chart reflects a near-record low in percentage terms, underlining market reluctance to reenter at scale.
Investor Sentiment and Technicals Remain Bearish
The data illustrates that investor confidence remains cautious amid broader crypto market movements. While other assets rebounded significantly from 2022 lows, NEAR has struggled to find consistent buying interest. Drawdown levels exceeding -85% often represent either final capitulation or long-term accumulation zones, depending on future direction.
The light blue line on the chart, representing price, is notably flat despite recent crypto rallies. It suggests that NEAR is not currently responding to broader market upswings. Long-term holders may be awaiting confirmation of a new trend before deploying additional capital.
Latest price levels sit just above $1.60, with drawdown metrics tracking closely to prior cycle bottoms. If historical patterns hold, this could represent a base formation, but no supporting volume or demand spike has emerged to validate that. Traders and analysts remain cautious due to these prolonged lows.
Is the Current NEAR Drawdown a Bottom or a Signal of Decline?
The central question now is whether this prolonged 85% drop marks the end of NEAR’s cycle or a deeper issue. Historically, altcoins that fall beyond 80% often either recover dramatically or fade from market interest. With price underperforming across 2023 and 2024, the current chart level is being closely watched.
NEAR’s performance is notably diverging from other large-cap crypto assets, many of which have regained over 50% of their lost value. Without a reversal in the drawdown pattern or a confirmed breakout, concerns about long-term viability may persist. The project’s future now hinges on both fundamental developments and market re-engagement.
Into The Cryptoverse shared the latest chart on social media, where engagement confirmed continued interest but cautious tone. The data aligns with past cycles of retraction and questions about whether the asset can reclaim prior highs. As of May 2025, NEAR’s outlook remains uncertain under heavy drawdown pressure.
