NEAR Price News: Multi-Year Fractal Warns of 37% Crash Next

Near Protocol (NEAR) has erased nearly half its value since reaching a multi-week high near $3 in May.

The correction began after NEAR encountered the same multi-year resistance structure that preceded two of its largest crashes. These similarities raise the possibility of another decline toward $1.04, roughly 37% below the current price near $1.66.

NEAR’s Giant Descending Structure Targets $1.04

NEAR has traded beneath a long-term descending resistance trendline since peaking near $20.09 in early 2022. Each major rebound toward this boundary has ended with sellers regaining control.

The first rejection preceded an approximately 95% collapse from $20.09 to the $1.04–$1.10 region by late 2023. NEAR later recovered toward $8 in 2024 but failed near the same descending resistance, followed by another roughly 87% decline toward $1.04.

The May 2026 rally toward $3 appears to be producing a similar fractal. NEAR has already fallen by nearly 45%, slipping below its 20- (green), 50- (red), and 100- period (purple) exponential moving averages (EMA) on the two-week chart.

A continued decline could bring NEAR back to the horizontal support near $1.04, representing another 35%–37% correction. The level may nevertheless attract buyers because it supported major rebounds in 2023 and early 2026.

September Fed Hike Risk Adds Pressure

NEAR’s downside outlook also comes amid renewed concerns about tighter US monetary policy.

The Federal Reserve held rates at 3.50%–3.75% in July in a 9–3 vote, with three policymakers supporting an immediate 25-basis-point hike.

Chair Kevin Warsh said the Fed would not “waver” in returning inflation to its 2% target and indicated that higher rates may be necessary if price pressures persist, while avoiding a firm commitment on September. T

Futures markets subsequently assigned around a 57% probability to a September increase, after briefly pricing the odds as high as 77%, according to CME FedWatch.

The Fed’s next policy meeting is scheduled for Sept. 15–16.

The hawkish uncertainty could lift Treasury yields and reduce demand for risk assets such as NEAR.