Will the NEAR price rise to 2 USD after officially launching on Solana?

NEAR Protocol (NEAR) has experienced a week of persistent selling pressure. On the price chart, strong selling has caused NEAR to lose the important support level at $1.83 — a price zone that previously served as a turning point during the recent accumulation phase.

Previously, the $1.83 level had been a long-standing resistance for several months. However, once broken through, the overall market trend shifted to a negative outlook. Since then, NEAR has continuously struggled to recover, with selling pressure dominating the short-term market.

Nevertheless, NEAR’s Stochastic RSI indicator shows positive signs as it rebounds from the oversold region — a potential reversal indicator, suggesting that the bears have temporarily weakened.

Not stopping there, NEAR has just gained new momentum: this token has officially launched on Solana (SOL), promising to create significant volatility in the market.

NEAR Launches on Solana!

The appearance of NEAR on Solana has expanded its reach into a new market, while also increasing liquidity. Cross-chain connectivity often stimulates price volatility, especially when NEAR is at key technical levels.

Initial market data has clearly reflected this change. NEAR’s trading volume surged by an additional $17.6 million in just one day, reaching $83.5 million at present. Listing news typically encourages new investors to enter, thereby creating sudden liquidity growth.

Source: Token Terminal The listing of NEAR on Solana could become a catalyst for a potential trend reversal, as increasing capital flow and volatility continue to pour into this token.

Is $2 a key potential bullish factor?

Data from CoinGlass also offers noteworthy insights. The liquidation heatmap shows a large liquidity “pool” of about $839,000 around the $2 level. Such liquidity concentrations often act as short-term “magnets,” pulling prices upward when market volatility increases.

The presence of this liquidity cluster further reinforces the significance of the $2 mark, making it an attractive target if buying interest from bulls continues.

Source: CoinGlass## What are the prospects for NEAR?

The overall trend of NEAR’s price remains weak. While increased liquidity and trading volume could lay the groundwork for a trend reversal, strong buying demand is a prerequisite for NEAR to break through previous resistance levels.

Only then can the recent downtrend truly be reversed. In the short term, bulls need to regain the $1.83 support level to establish a sustainable new trend.

The market is closely monitoring every development. It remains uncertain whether NEAR’s expansion into the Solana ecosystem is enough to change market sentiment or if it is merely a pause before the downtrend continues.