NEAR bulls face key 20-Day MA reclaim as intents explode and price bases at support

NEAR trades at its weakest level since Oct. 10 as intents and revenue surge, with bulls betting a 20-Day MA reclaim and range breakout could mark a major bottom.​
Summary

• NEAR has dropped back to its lowest level since Oct. 10 while network intents and revenue grow at triple-digit monthly rates, creating a sharp usage–price divergence.
• Van de Poppe flags the current zone as the strongest accumulation cluster since October–November, with buyers defending key liquidity and watching a 20-Day MA reclaim for confirmation.
• A break above near-term resistance would reopen the broader trading range toward prior highs, while failure leaves NEAR compressing in a lower demand zone until buyers regain momentum.

Analyst Michaël van de Poppe reported that NEAR (NEAR) intents are expanding at triple-digit rates each month, even as the token’s price continues to trade within a multi-week range. The divergence between network usage and price performance has created conditions that analysts say often precede significant directional movements.

It’s interesting; $NEAR has hit the lowest price point since October 10th, while NEAR intents are growing with triple digits every month.

I discussed NEAR Intents on @new_era_finance:

Technically, it’s looking good. Consolidation and accumulation around… pic.twitter.com/rhXW73kSDS

— Michaël van de Poppe (@CryptoMichNL) December 10, 2025

Near Protocol faces signs of stabilization

Van de Poppe stated that NEAR is showing early signs of stabilization following a prolonged decline. The analyst noted that consolidation at current levels could indicate accumulating strength, particularly if the price moves above the 20-Day Moving Average. A breakout above this short-term trend indicator would represent one of the first signals that momentum is shifting, according to Van de Poppe.

A move above nearby short-term resistance would place NEAR back inside its broader trading range, potentially opening a path toward previous highs, the analyst said. Van de Poppe described the current structure as the strongest accumulation cluster since October and November, with buyers defending the liquidity zone where previous recoveries began.

However, failure to reclaim that area would keep NEAR in a lower demand zone where further price compression could occur, Van de Poppe added.

Chart data shows a sharp downward trend dominated NEAR’s price action through October and November, with a series of lower highs and lower lows. Volume increased during the final stage of the decline, which analysts interpret as a potential capitulation event. Price has since begun to flatten, forming a short-term base and attempting to reclaim prior breakdown levels.

Technical indicators show repeated tests of a lower band, suggesting the area has become a key support level. A sustained move above the 20-Day Moving Average would mark the first meaningful shift in momentum in several weeks, according to technical analysis.

If NEAR clears the key resistance area, the broader trading range reopens and a move toward previous range highs becomes possible, analysts said. If the breakout fails, price may continue compressing until buyers accumulate sufficient momentum to challenge resistance again.

With network activity accelerating and market structure tightening, the next breakout attempt will likely determine whether the multi-week decline represents a long-term bottom or a temporary pause, according to market observers.