NEAR Protocol is trading at $1.55 after recently testing resistance at $1.63. Technical indicators suggest a potential surge past $1.70 within the next trading week, while smart money accounts hold a 64.7% long position on the token.
Resistance test and breakout potential
The token briefly touched $1.63 in recent sessions, a level that has acted as a ceiling. Analysts tracking the charts see the price consolidating just below that mark. Momentum indicators, including relative strength and moving averages, are pointing upward. A clean break above $1.63 could open the path to $1.70 and beyond, traders say. The next few trading days will be critical.
Smart money keeps a bullish stance
Data from on-chain and exchange positions shows that so-called smart money — usually large, informed traders or institutions — is overwhelmingly long. Long positions account for 64.7% of the smart money flow on NEAR Protocol. That level of conviction often precedes sustained upward moves, though it can also signal a crowded trade. For now, the bias remains firmly in favor of the bulls.
Whether NEAR can clear $1.70 this week will depend on continued buying pressure and whether broader market conditions hold. No major protocol updates or partnerships have been announced in the period covered by the data, so the move appears driven purely by technicals and positioning.
