2024

Major

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">NEAR trades near 4.895 after falling about 17% this week, with a low of 4.527 and the candle still open.&nbsp;</li>
 <li style="font-weight: 400">The 4.30 region acted as a recurring pivot during 2024 and anchors the long scenario in the chart.</li>
 <li style="font-weight: 400">The trade drawing sets entry at 4.316 and a stop at 3.928, about 9% below the planned entry.</li>
 <li style="font-weight: 400">A break above 6.00 would point to 7.847, a 2024 resistance level and 81.8% above the entry.&nbsp;</li>
</ul>
NEAR price is testing a former resistance zone after a sharp weekly pullback from 6.00. The token trades near 4.895 on the weekly chart. The current candle shows a decline of about 17%, with a low at 4.527. 
That candle remains open. Price still sits above the 4.30 region, which now serves as the main support level for buyers. The move follows an advance through earlier resistance at 3.133 and roughly 4.30.
<h2 id="b-near-price-breakout-faces-first-major-test-b">NEAR Price Breakout Faces First Major Test</h2>
Analyst Giannis Andreou shared the weekly chart on X and labeled the setup a breakout retest. He placed the next major objective at 7.85. The post describes a sharp advance through former resistance levels. Price then reached 6.00 before pulling back.
<div class="embed-x">
 <blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ca.png" alt="📊" style="height: 1em; max-height: 1em;"><a href="https://x.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$NEAR</a>: A BREAKOUT RETEST WITH 7.85 AS THE NEXT MAJOR OBJECTIVE
 NEAR is trading around 4.895 on this weekly chart after a sharp advance through the former resistance levels at 3.133 and approximately 4.30. Price reached 6.00 before pulling back, placing the focus on whether… <a href="https://t.co/pTtto5nCdZ" rel="noopener noreferrer nofollow">pic.twitter.com/pTtto5nCdZ</a>
 — Giannis Andreou (@gandreou007) <a href="https://x.com/gandreou007/status/2111849798156312839?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 18, 2026</a>
 </blockquote>
</div>
The 4.30 region acted as a recurring pivot during 2024. Reclaiming it marks a change from the earlier <a href="https://blockonomi.com/xrp-price-faces-bearish-structure-as-trader-eyes-supply-zones/" rel="noopener noreferrer nofollow">bearish structure.</a> The weekly chart marks it as the foundation of the long scenario. A successful retest requires buyers to defend the area and form a higher low.
The trade drawing sets entry at 4.316 with a stop at 3.928. That stop sits about 9% below the planned entry. A move through it would invalidate the setup. A sustained loss of the breakout region could raise the risk of a retracement toward 3.133.
The current weekly candle remains open, so the 17% decline may still change. The low at 4.527 stays above the marked support. Price therefore holds the breakout area for now. The 4.30 level remains the marked reference for buyers.
<h2 id="b-upside-targets-near-6-00-and-7-85-b">Upside Targets Near 6.00 and 7.85</h2>
The immediate hurdle is the recent high around 5.90–6.00. The yellow projection expects a bounce from support into that area. <a href="https://parameter.io/bitcoin-btc-rallies-3-after-cpi-release-analyst-warns-pullback-may-be-next/" rel="noopener noreferrer nofollow">A pullback</a> would follow, forming another higher low. Holding above the first retest low would show steady buyer support. The projection ends with a move back above that range.
A break above 6.00 would strengthen the case for continuation. The projected path then points toward 7.847. That area matches major historical resistance from 2024. Sellers previously defended the zone during that year, and the analyst treats it as a potential profit-taking zone.
From the 4.316 entry, the target represents about 81.8% upside. The target sits above the entry by roughly 3.53. The chart displays a risk/reward ratio of 9.1. That ratio compares the 3.928 stop against the 7.847 target.
The technical case rests on two conditions. The 4.30 region must become support. Then price must confirm a break of 6.00. Each condition depends on buyer participation at those levels. Until both occur, the <a href="https://moneycheck.com/near-protocol-near-price-soars-80-in-a-week-can-the-rally-continue-past-4/" rel="noopener noreferrer nofollow">NEAR price</a> remains in a retest phase.
The post <a href="https://blockonomi.com/near-price-retests-breakout-zone-as-analyst-eyes-7-85-target/" rel="noopener noreferrer nofollow">NEAR Price Retests Breakout Zone as Analyst Eyes 7.85 Target</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

NEAR Price Retests Breakout Zone as Analyst Eyes 7.85 Target

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