NEAR/EUR: Descending Wedge After a 78% Base Resolve

What is NEAR?

NEAR Protocol is a layer-1 blockchain designed for scalability and developer accessibility, with a focus on user-friendly onboarding. NEAR is its native token, used for fees, staking, and governance.

Trade Setup

Base: ~2.00 EUR (purple zone, held since September 2025)
Current price: 1.4751 EUR — below base
Position: multiple entries triggered across the cycle — −18%, −40%, −40%, and −48% below base. +78% exit fired at base reclaim in May 2026. Price has since pulled back into a descending wedge below base.

Levels

Entry 1: −18% below base → ~1.64 EUR (first touch, December)
Entry 2: −40% below base → ~1.20 EUR (February low)
Entry 3: −40% below base → ~1.20 EUR (April re-entry)
Entry 4: −48% below base → ~1.04 EUR (deepest entry, April)
Exit: +78% from entry → ~2.00 EUR (base reclaim, fired May 2026)

Next entry if wedge breaks: first X ~1.20 EUR, second X ~0.85 EUR
Panic: descending wedge cracks lower then wedge support line and holds resolve becomes significantly harder to wait for

Zoomed out

NEAR has been one of the most consistent QFL charts of the bear cycle the same base at 2.00 EUR produced four separate entries and a +78% exit on the resolve. Price is now inside a descending wedge below base, which is a slow panic in progress.

The descending wedge pattern tells you where the lowest likely entry sits at the first X around 1.20 EUR but a crack out of the wedge to the downside means lower prices are probable and a full resolve back to base becomes a much longer wait. The backward base confirmation at +27% in June was the signal the trade was alive and the wedge breakdown is the signal patience is required.