NEAR Protocol (NEAR) price trades near $1.64 after a 10.58% daily jump, with analyst Michaël van de Poppe calling it one of the most bullish charts in the ecosystem and pointing to a potential $2 test. According to reports from Crypto.news, the Dutch analyst flagged $1.40 as the level NEAR must hold to keep the bullish thesis intact, citing strong revenue growth tied to NEAR Intents. The token has already been printing higher highs since February, with price pushing back to $1.666 on the chart, up 2.46% on the day.
Van de Poppe published his NEAR daily chart on May 19 with three concrete levels marked, including a $1.410 horizontal line marking must-hold support and a shaded $1.951 box marking his next target zone. As reported by Crypto.news, the rising blue moving average tracks just beneath the current price, while NEAR has reclaimed the $1.50 to $1.70 acceleration zone Van de Poppe flagged. The RSI reads near 62, still well below overbought levels, with volume showing a clear uptrend since the February low. Van de Poppe summarized the setup, stating "One of the most bullish charts in the ecosystem: $NEAR. As long as this stays above $1.40, I would assume that there's continuation on the board."
Beyond the chart analysis, the bull case for NEAR rests on adoption that has gone meaningfully global, with the NEAR Legion community map plotting active members worldwide across San Francisco, Delhi, Lagos, São Paulo, Europe, and Southeast Asia. According to the official account's recent post on X, the global presence demonstrates the Legion's design to serve AI utility needs worldwide. The AI angle ties directly to NEAR Intents, the cross-chain settlement layer driving recent revenue growth, with daily fee revenue crossing $400,000 at peaks and cumulative fees passing $10 million as of February 2026.
The NEAR daily chart confirms the structural uptrend with consistent higher highs and higher lows since the February 6 swing low near $0.84. The 0.618 Fibonacci retracement at $1.49 has flipped from resistance to support, confirmed on May 17 when NEAR closed above $1.49. As reported by Crypto.news, a clean daily close above $1.67 would open the path to $1.897, matching the January 13 swing high and the 1.0 Fibonacci extension. Van de Poppe's $1.951 next target zone overlaps this area, giving the bullish setup roughly 15% upside from the current price, while invalidation sits at the 0.382 Fib at $1.244.
