NEAR Price Prediction: Double Bottom Pattern Aiming for $5 Target, Inflation Halving as the Biggest Catalyst

NEAR Protocol (NEAR) has shown strong momentum recently, rising 17% within a week, with the current price rebounding to around $3 and testing a key resistance level. Technically, NEAR has formed a "double bottom" reversal pattern, and if it breaks through $3.40, it will open the door to challenge $5. Additionally, the community has proposed to reduce NEAR's annual inflation rate from 5% to 2.5%, strengthening the incentive for long-term holding.

NEAR forms a "double bottom" structure, with a price target directly aiming at 5 dollars Since hitting a low of $1.80 on June 25th, the NEAR price has steadily rebounded, forming a classic "double bottom" pattern.

• The first low point appeared in early April,
• The second low was completed at the end of June,
• The neckline is at 3.40 USD, which is the next most important technical resistance level.

If it successfully breaks through $3.40, it will confirm the effectiveness of the reversal pattern, with a target price of $5 (according to pattern calculations). The current NEAR price has stabilized above the 20-day EMA, and the K-line body is gradually lengthening, indicating that buying pressure is accumulating.

Short-term resistance and support level analysis

• Short-term resistance level: $3.20 (local high point in the previous downtrend)

• Key Neckline Level: $3.40 (Double Bottom Confirmation Point)

• Upward Target: $5.00 (measured rise target)

• Support Below: $2.70 (previous strong resistance level, now turned into support)

  

The inflation halving proposal is expected to activate a medium to long-term pump structure The NEAR community has recently opened voting for validators, with a proposal to reduce the annual inflation rate from 5% to 2.5%, aimed at:

• Suppress token selling pressure
• Increase returns for long-term holders
• Enhance the sustainability of the protocol economic model

If supported by 66.67% of the community vote, this inflation logic will be incorporated into the next protocol upgrade, which is expected to officially take effect before the end of Q3 2025. This will place the NEAR network into a "light deflation" operating state, providing medium to long-term support for the price.

Increased Participation of Global Investors: NEAR Staking ETP Launches in the European Market Another positive news is: The NEAR staking ETP (exchange-traded product) launched by Bitwise has been listed on the Xetra exchange in Germany, allowing global institutions and retail investors to gain exposure to NEAR through traditional channels while enjoying on-chain staking rewards without the need to self-custody private keys or operate wallets.

The launch of this product marks that NEAR is gradually being incorporated into global mainstream investment portfolios, with its liquidity and institutional recognition continuously improving, laying the foundation for a price breakout.

Conclusion NEAR is currently on the verge of completing a critical technical pattern, while also benefiting from multiple positive factors such as inflation reduction and the launch of international asset products. If it successfully breaks through the neckline at $3.40, it will confirm a "double bottom" reversal pattern, with a short-term target of $5. Crypto users should closely monitor the voting results and the progress of on-chain upgrades to seize potential pump opportunities.