$NEAR is now at $1.87. Honestly, this price is a bit outrageous.

Looking back to the end of 2023, the $1.50 to $2.00 range was the main accumulation zone before the last bull run exploded. Looking at the candlestick chart, the decline has noticeably slowed down during this period, and trading volume is shrinking. The bearish momentum is almost gone. The market has reached a stage where it can't fall any further.

As a leading public chain focusing on "chain abstraction" and AI narratives, the fundamentals of $NEAR are actually quite solid. This current dip is just market sentiment playing tricks; the golden opportunity for medium to long-term entry is right there.

**Key Levels to Know**

On the resistance side, the recent rebound needs to break through the $3.00-$3.50 range to confirm a reversal. Going higher, the $5.00-$6.00 zone is a tough nut to crack, and mid-term resistance is expected there.

Support levels are at $1.50-$1.80, which is the current main defense line. If it drops further to $1.00-$1.25, that would be the absolute bottom of the 2023 bear market and a real bottom-fishing opportunity.

**Volume Looks Very Strange**

Trading volume is shrinking significantly now. Compared to the heat when $8.00 was reached, current volume is at a record low. Not many sellers, everyone is holding back, waiting for a new catalyst to break the deadlock.

**What to Do**

For those already holding, don’t panic. Cutting losses at an 80% decline is really brainless. Hold tight; $NEAR’s rebounds are usually quite strong, and doubling your position is just routine.

For those who haven't entered yet, buy in batches. Accumulate more as it falls. Try buying a small amount at $1.87 to test the waters, and if it retraces to $1.60, increase your position.

See if it can push to $3.50 in the short term (+90%), with a medium-term target of breaking above $6.00.

In short, $NEAR is an undervalued blue-chip. Add it to your watchlist; it’s still a good candidate in the public chain sector.