Michaël van de Poppe notes the initial NEAR bounce but warns sustainability remains unproven, with potential tests at the lows ahead of any stronger advance that hinges on Bitcoin consolidation and mean reversion.

Price sits at $2.01 wedged between the EMA200 support at $2.02 and EMA50 resistance at $2.21 while the MACD golden cross at -0.12 signals building momentum; a move toward upper Bollinger resistance at $2.23 could exhaust quickly given neutral RSI at 42.98, opening a healthy retracement to the lower band support at $1.74 before continuation.