Is NEAR Deeply Mispriced? Analyst Explains When the Real Rally Could Begin
According to van de Poppe, NEAR shows strong fundamentals and a technical setup that could trigger a major repricing once key levels are reclaimed.
Crypto Laddin
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As uncertainty continues to dominate crypto markets, veteran analyst Michaël van de Poppe has turned attention to NEAR Protocol, arguing that the token is currently significantly undervalued. In his view, NEAR’s price does not reflect the underlying strength of its ecosystem, creating what he describes as a classic case of deep mispricing.
Van de Poppe bases this assessment on both fundamental growth and technical structure. He compares the current market sentiment around NEAR to late 2019, a period when skepticism surrounded many assets that later became top performers. According to the analyst, similar dynamics are now at play: strong fundamentals paired with overly cautious sentiment.
From a technical standpoint, NEAR is trading within a clearly defined downtrend channel, yet continues to hold above the $1.60 support zone. This level has repeatedly acted as a stabilizing floor, with buyers consistently stepping in to defend the range. The analyst emphasizes that this behavior suggests accumulation rather than structural weakness.
Ecosystem Growth vs. Market Perception
A cornerstone of van de Poppe’s argument is the rapid expansion of NEAR Intents, a mechanism that has significantly boosted on-chain activity in recent months. He dismisses claims that tokens lack utility, pointing instead to real usage, rising developer engagement, and increasing network demand.
Despite these developments, NEAR’s price has failed to respond, creating a disconnect that historically tends to resolve through sharp upside repricing. Van de Poppe believes NEAR will not remain at current levels for long if ecosystem traction continues to grow.
Key Technical Levels to Watch
Technically, the analyst highlights $1.80 as the first level that must be reclaimed to signal a trend shift. A clean move above $2.00 would further confirm a return of bullish momentum. His chart shows prolonged consolidation beneath major resistance, a structure that often precedes acceleration once the range is broken.
TradingView data supports this view, showing repeated volatility spikes and long wicks near resistance without a breakdown below support. Although lower highs remain visible on lower timeframes, buyers continue to defend the range, reinforcing the idea of preparation rather than distribution.
Looking Toward 2026
Van de Poppe concludes that NEAR’s current structure does not suggest a prolonged bearish phase. Instead, he describes it as a neutral-to-oversold window, where downside risk appears limited. If sentiment rotates back toward undervalued Layer-1 assets and key resistance levels are reclaimed, he sees a clear path toward $3 in the first quarter of 2026.
With ecosystem adoption accelerating and market sentiment lagging behind, NEAR may already be positioned for a larger move — one that begins only after the $1.80–$2 range is decisively reclaimed.
