NEAR Protocol's token is showing upward momentum after a widely followed technical indicator generated a fresh buy signal. While short-term selling pressure persists, the signal has drawn attention from traders due to its track record of identifying previous price reversals.

At the time of writing, NEAR is trading at $1.65, representing a 3.91% gain over the past 24 hours. The token's daily trading volume stands at $304.51 million, with a market capitalization of $2.15 billion, according to CoinMarketCap. NEAR, the native token of the Layer 1 blockchain known for its sharding-based architecture aimed at improving throughput and usability, has faced sustained downward pressure alongside the broader altcoin market in recent months.

TD Sequential Triggers Buy Signal

On July 30, 2026, crypto analyst Ali Martinez observed that the TD Sequential technical indicator had produced a new buy signal for NEAR. Martinez noted on X that buy signals from the same indicator have previously identified significant reversal points for the cryptocurrency.

Developed by market timing specialist Thomas DeMark, the TD Sequential counts consecutive price candles to identify potential points of trend exhaustion. While no technical indicator can guarantee future performance, the TD Sequential has built a reputation as a tool for detecting moments when selling pressure exhausts itself and buyers begin to return. For NEAR, the signal could mark the early stages of a recovery phase, provided that buying interest is sustained. However, further price confirmation is still needed before a definitive trend reversal can be established.

Technical Picture Remains Mixed

Despite the encouraging signal, broader technical indicators paint a more complex picture. NEAR is currently trading near the lower Bollinger Band at $1.6179, with the middle band positioned at $1.8601 and the upper band at $2.1023. Trading in proximity to the lower band typically reflects continued selling pressure.

A decisive move above the $1.8601 middle band would be interpreted as a constructive sign, potentially signaling that buyers are regaining control.

Meanwhile, the MACD line sits at -0.07985, remaining below the signal line at -0.05257, with the histogram reading -0.02728. These readings collectively indicate that bearish momentum currently outweighs buying momentum. Unless the MACD crosses above the signal line, NEAR may continue to exhibit negative short-term price action. The divergence between the TD Sequential's bullish signal and the still-negative MACD readings underscores the importance of waiting for corroborating evidence before interpreting the setup as a confirmed reversal.

Key Levels to Monitor

The immediate level of interest is $1.86, which corresponds to the middle Bollinger Band. A breakout above this resistance could open the path toward the upper Bollinger Band at $2.10, a level where sellers have previously re-entered the market.

Conversely, if buyers fail to build momentum, NEAR may consolidate sideways or retreat toward the support level defined by the lower Bollinger Band.

The TD Sequential indicator suggests that selling pressure may be easing, though it remains to be seen how the token will respond over the coming trading sessions.