Date: Fri, July 11 2025 | 10:02 AM GMT
The cryptocurrency market celebrated a major milestone in the history of crypto today as Bitcoin (BTC) soared to a new all-time high of $118K. Ethereum (ETH) wasn’t far behind, jumping 8% to continue its bullish momentum by crossing the $3000 mark. This positive wave is also lifting altcoins — including Near Protocol (NEAR), which has surged by 9% in the last 24 hours.
Source: Coinmarketcap
But what’s catching more attention now is the striking fractal pattern that NEAR is forming — one previously seen in its own explosive rally from last bull run.
A Powerful Fractal Re-Emerging?
If we look back at late 2021, $NEAR formed a descending broadening wedge — a pattern typically considered bullish — followed by a bottoming structure at a key support level (green zone). What happened next? NEAR reclaimed the 100-day and 200-day moving averages, broke out of the wedge, and surged by over 590%, peaking above $20.
Near Protocol (NEAR) Fractal Chart/Coinsprobe (Source: Tradingview)
Now, fast forward to the present.
As shown in the latest chart, NEAR is flashing a nearly identical fractal setup. It’s again forming a descending broadening wedge and has bounced from the same green support zone where its last historic rally began. The price has already moved above the 100-day MA and is now approaching the 200-day MA resistance near $3.14.
What’s Next for NEAR?
If NEAR holds above the 100-day MA and manages to reclaim the 200-day MA, it could confirm a breakout from the wedge. If this fractal plays out again, we may see NEAR repeat its previous cycle performance — with potential upside targets ranging from $16 to $17, representing massive gains from current levels.
However, confirmation is key. A clean move above the 200-day MA would significantly strengthen the bullish case and attract momentum traders back into the token.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
