NEAR altcoin spent over 3 years building a big bullish formation. This formation could be one of the biggest bullish patterns in crypto. Can the price of NEAR recover double-digit prices this
The crypto market enters another week with BTC and ETH prices below the $60,000 and $1,600 price ranges, respectively. This price region pushes towards the expectations for a continued bear market, meaning a heavy price bottom is expected for Bitcoin (BTC). NEAR altcoin spent over 3 years building what could become one of the biggest bull formation in crypto history.
According to CoinMarketCap analytics, the price of NEAR is trading at $1.85, showing how the asset is down by over 20% over the last 30 days. Altcoin analysts go on to share a continued hope for the prices of several promising altcoins to moon over the next couple of months, triggering the long-awaited altseason peak phase. The bullish price formations on some altcoins support this possibility.
https://twitter.com/TakePr0fitN0w/status/2071174624033767664As we can see from the post above, this expert highlights how NEAR has followed the same cycle twice already. If history repeats, the next move could be even bigger. Every major rally in NEAR started from the same place. A long accumulation phase, months of sideways price action, where everyone loses interest. Then, almost out of nowhere, momentum returns. The first cycle delivered more than 4,000%.
The second still produced nearly 800% despite a much weaker market environment. Now, NEAR is once again sitting near the same historical launch zone. No one knows if history will repeat perfectly. But markets tend to rhyme and when an asset keeps reacting from the same area across multiple cycles, it’s a level worth paying attention to. If buyers step in the way they did before, this could mark the beginning of the third major expansion for NEAR.
https://twitter.com/0xVertix/status/2071148114862285212Similarly, the expert in the post above highlights how NEAR has spent more than 3 years building what could become one of the biggest base formations in crypto. Most people look at the chart and only see a token that’s still down heavily from its ATH, but bullish experts see something different. Which is, years of selling pressure slowly getting absorbed. Every rally since 2022 has made one thing clear: sellers can push prices lower, but they can no longer create new sustained lows.
This changes everything. The longer an asset spends building a base, the more powerful the expansion can become once supply is finally exhausted. If buyers continue defending this structure, the breakout won’t just be another relief rally. It could mark the beginning of an entirely new trend. The best opportunities rarely appear after a breakout. They appear while everyone is still convinced nothing is happening, and the post concludes that NEAR is quietly approaching that point.
