NEAR Price Forecast: AI Token Faces 20% Breakdown Risk

NEAR Protocol (NEAR) could decline nearly 20% toward $4 in the coming sessions as a bearish technical pattern signals weakening upside momentum following its recent rally.

The token was trading near $5.00 on Oct. 14, consolidating after a sharp September run that pushed its price above $5.50. However, the latest price action suggests buyers may be losing control.

NEAR Token Warning: The Broadening Wedge Points to Correction

NEAR's daily chart shows a broadening ascending wedge. This bearish reversal pattern features two diverging, upward-sloping trendlines connecting successive higher highs and higher lows.

The formation typically reflects growing market volatility, with buyers pushing prices to new highs but struggling to sustain each breakout.

NEAR is now testing the wedge's lower trendline support near $5.00, making the coming sessions critical. A decisive daily close below this support—preferably accompanied by rising trading volumes—could confirm a bearish breakdown and accelerate selling pressure.

Key Downside Targets to Watch

In a breakdown scenario, NEAR could initially retreat toward its 20-day exponential moving average (20-day EMA, green) near $4.84, before extending losses toward the $3.86–$4.00 support zone. This primary downside target aligns with a heavy confluence of technical indicators: