Van de Poppe: NEAR Chart Bullish, $1.40 Key, $2 Possible

Dutch crypto analyst Michaël van de Poppe published a NEAR daily chart on May 19 and highlighted specific price and technical levels as the token traded near $1.64 after a roughly 10.6% daily gain.

The chart marks a must-hold support at $1.410, an acceleration zone between $1.50 and $1.70 that NEAR recently reclaimed, and a target box around $1.951. The price printed a high near $1.667 on the chart and was trading near $1.64 after the single-day rise.

Technical readings on the daily chart show a pattern of higher highs and higher lows that began after the February 6 swing low near $0.84. A 0.618 Fibonacci retracement at $1.49 flipped from resistance to support. A daily close above the 0.786 level at $1.67 would open the path to $1.897, a level that matches the January swing high and the 1.0 Fibonacci extension. The relative strength index sits near 62, and trading volume has trended higher since the February low. Van de Poppe set $1.40 as the threshold for keeping the bullish structure intact; a daily close below that level would point toward a support cluster around $1.20–$1.25 and an invalidation level near the 0.382 Fib at $1.244.

Van de Poppe connected the chart levels to recent on-chain revenue growth from NEAR Intents. The settlement layer converts 100% of its fees to NEAR through a Fee Switch. Daily fee revenue has reached peaks above $400,000, and cumulative fees have exceeded $10 million, figures cited as part of the case for price support from transaction activity.

Community activity is cited alongside fee data. The NEAR Legion community map shows active members in San Francisco, Delhi, Lagos, São Paulo, Europe and Southeast Asia. NEAR’s official account highlighted the network’s geographic spread in recent posts that referenced AI-related utility on the network.

On X, van de Poppe posted: “One of the most bullish charts in the ecosystem: $NEAR. Resilient despite the recent correction on the markets, price already rallies towards new highs. As long as this stays above $1.40, I would assume that there’s continuation on the board. I remain to be expecting a $2.00 test and that’s not strange to expect given the incredible growth on the revenue they have achieved and the use case behind NEAR Intents.”

Market participants note that a clean daily close above roughly $1.90 would be treated as confirmation of a breakout to higher targets, while a daily close below $1.40 would invalidate the bullish structure and shift focus to lower support levels.