NEAR is testing a former resistance zone after a sharp weekly pullback from the 6.00 area. The token trades near 4.895 on the weekly chart, and the current candle shows a decline of about 17%, with a low at 4.527. That candle remains open, so the weekly figure may still change. The move places attention on whether a zone that previously capped price can now hold as support.

Despite the pullback, price still sits above the 4.30 region, which now serves as the main support level for buyers. The token reached that position through an advance that carried it over earlier resistance at 3.133 and roughly 4.30, and eventually to 6.00, before price turned lower.

NEAR Breakout Retest Faces First Major Test

Analyst Giannis Andreou shared the weekly chart on X and labeled the setup a breakout retest, placing the next major objective at 7.85. The post describes a sharp advance through former resistance levels, followed by the pullback from 6.00. In a retest of this kind, the key question is whether former resistance flips into support once reclaimed.

$NEAR : A BREAKOUT RETEST WITH 7.85 AS THE NEXT MAJOR OBJECTIVE

NEAR is trading around 4.895 on this weekly chart after a sharp advance through the former resistance levels at 3.133 and approximately 4.30. Price reached 6.00 before pulling back, placing the focus on whether… pic.twitter.com/pTtto5nCdZ

— Giannis Andreou (@gandreou007) October 18, 2026

As presented on the weekly timeframe, the chart frames the current pullback as the first major test of the breakout.

The 4.30 Region Anchors the Long Scenario

The 4.30 area acted as a recurring pivot during 2024. Reclaiming it marks a change from the earlier bearish structure, and the weekly chart marks the zone as the foundation of the long scenario. A successful retest requires buyers to defend the area and form a higher low.

The trade drawing on the chart sets the entry at 4.316 with a stop at 3.928, about 9% below the planned entry. A move through that stop would invalidate the setup, meaning the drawn long scenario would no longer apply. A sustained loss of the breakout region could also raise the risk of a retracement toward 3.133.

The current weekly candle remains open, so the 17% decline may still change; the weekly close will provide the first settled reading of the pullback. The low at 4.527 stays above the marked support, meaning price holds the breakout area for now. The 4.30 level remains the marked reference for buyers while the retest plays out.

Upside Targets Near 6.00 and 7.85

The immediate hurdle is the recent high around 5.90–6.00. The yellow projection on the chart expects a bounce from support into that area, followed by a pullback that forms another higher low. Holding above the first retest low would show steady buyer support, and the projection ends with a move back above the range. That sequence implies two confirmations: a defended support level and a higher low before any renewed advance.

A break above 6.00 would strengthen the case for continuation. The projected path then points toward 7.847, an area that matches major historical resistance from 2024. Sellers previously defended that zone during the year, and the analyst treats it as a potential profit-taking zone.

From the 4.316 entry, the 7.847 target represents about 81.8% upside, sitting roughly 3.53 above the entry. The chart displays a risk/reward ratio of 9.1, comparing the 3.928 stop against the 7.847 target; in other words, the projected distance to the objective is roughly nine times the distance to the invalidation level.

The technical case rests on two conditions. First, the 4.30 region must become support. Second, price must confirm a break of 6.00. Each condition depends on buyer participation at those levels, and until both occur, NEAR remains in a retest phase. Price behavior at those two thresholds will determine whether the breakout structure described on the chart holds.