NEAR Protocol Gains 13% as Bulls Target $1.40 Resistance

Edgen Crypto

·Mar 01 2026, 09:10

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Key Takeaways

NEAR Protocol demonstrated significant bullish momentum with a double-digit price increase, positioning it for a potential test of a key technical resistance level. This move signals strengthening investor confidence as the asset attempts to establish a clear recovery trend early in the month.

Price Action: NEAR Protocol's token price increased 12.93% in 24 hours on March 1, 2026, reaching $1.19.
Technical Target: Technical analysis indicates the next major hurdle for NEAR is the $1.40 resistance level.
Market Outlook: A successful break above $1.40 could confirm a bullish recovery and attract further momentum traders.

NEAR Climbs 12.93% to $1.19 in Bullish Breakout

On March 1, 2026, NEAR Protocol registered a significant daily gain of 12.93%, driving its trading price to $1.19. The sharp upward movement reflects a build-up of bullish momentum, lifting the token from key underlying support zones. This performance indicates a decisive shift in market sentiment, attracting renewed interest from traders looking for signs of a sustained recovery.

Technicals Point to $1.40 Resistance Test

With buying pressure intensifying, technical indicators now point toward a potential challenge of the $1.40 resistance level. This price point is a critical marker for investors. Surpassing this barrier would signal a definitive break from its recent trading range and could trigger a new wave of buying activity. A successful move above $1.40 would solidify the case for a broader recovery for the Layer-1 protocol in March.