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<a href="https://jpyeur.com/near-usd/">NEAR</a> Is Compressing at Key Fibonacci Level After a 130% Run

Key Takeaways:

  • NEAR spiked from $1.30 to $2.97 within days in late May.
  • Price now consolidating just below 0.236 Fib at $2.47.
  • RSI cooled from overbought to 65.10 without breaking down.
  • Van de Poppe trimmed first NEAR trade at €2.25, opened second long.
  • Lower timeframe compression could precede a strong directional move.

As of late May, NEAR is trading around $2.34, slightly below a key technical level at $2.47. This comes after a significant price increase earlier in the month, where it jumped nearly 130% from around $1.30 to hit $2.97. However, the price faced strong selling pressure at $2.97, a level that coincided with a crucial Fibonacci extension. This led to a quick and decisive drop in price.

The price recently dropped and is now testing the 0.236 level. Over the next few days, we’ll see if this level can act as a support level, or if the price will fall further.

The Relative Strength Index (RSI) suggests a more moderate trend. It briefly reached 72.66, indicating the price was overbought, but has since dropped to 65.10. While still high, this isn’t an extreme level. This gradual decrease in the RSI suggests the price is more likely to continue rising than to suddenly reverse course.

The price is currently well above all three of its moving averages. The 50-day average is at $1.62, the 100-day at $1.51, and the 200-day at $1.43. These levels are too far below to offer immediate support. If the price falls below $2.47, the next significant support level to watch would be $2.16, as there isn’t much support in between.

Van de Poppe Sees Compression, Not a Top

He actively traded NEAR throughout this period. He sold most of his initial trade at €2.25, and the rest of the position was automatically closed at his original purchase price, securing a profit while limiting potential losses. He doesn’t believe the price increase is over.

$NEAR is a beautiful asset to daytrade

The markets are going in a rhythm of:– Up in the first two weeks– Down in the last two weeks

I believe the markets will likely bottom out this weekend, following a pattern seen in most months this year.

— Michaël van de Poppe (@CryptoMichNL) May 30, 2026

According to analyst van de Poppe, price charts are showing a pattern of decreasing highs and lows, suggesting a period of consolidation rather than selling pressure. He believes this ‘compression’ indicates a significant price move is likely coming soon, and he’s focusing on predicting the direction of that move.

Looking at the bigger picture, he’s noticed a pattern in crypto markets this year: prices generally rise in the first half of each month and fall in the second half, often hitting their lowest point around the 30th or 31st. Since recent lows have already been reached, he thinks a price increase might be coming in June. Because of this, he bought more NEAR, even though it’s currently in a short-term downtrend, anticipating a rebound from its recent low point over the weekend.

If the trade doesn’t go as planned, he’ll move funds from his other cryptocurrencies back into NEAR when the price drops. He’s aiming to buy more on June 1st, and believes a price between €1.60 and €1.75 would be a good opportunity to do so.

Where the Trade Goes From Here

For NEAR to continue rising, the price needs to stay above $2.36 and show signs of breaking out. If it confidently rises above $2.47, it could then aim for the $2.70 to $2.80 range, although stronger resistance is expected there. This upward movement would be supported if the RSI indicator remains above 60 and continues to increase, rather than decline.

If the price falls below $2.47 and selling pressure increases, a downward trend could begin. Key support levels to watch would be $2.16 and then $1.90.

The market situation is clear: the price is hitting a key Fibonacci level, the RSI indicator is currently neutral but could move up or down, and analyst van de Poppe has publicly stated his buy and sell points. How the price moves in the next few trading sessions will likely confirm which outcome is more probable.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. It’s essential to do your own research and speak with a qualified financial advisor before making any investment choices.

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2026-05-30 19:49