Van de Poppe Sees NEAR as Most Bullish, Eyes $2 Test
Michaël van de Poppe says NEAR could test $2 if $1.40 holds. NEAR traded near $1.64 after a 10.58% gain as NEAR Intents fee revenue rose.
Dutch analyst Michaël van de Poppe published a daily chart on May 19 identifying key price levels for NEAR Protocol (NEAR). The token traded near $1.64 after a 10.58% daily increase and earlier touched $1.666 on the chart.
On the chart van de Poppe marked $1.41 as a must-hold support and flagged an acceleration zone between $1.50 and $1.70. A rising moving average sits just under the current price. The relative strength index reading was near 62, below overbought levels, and volume has trended higher since a February low.
He identified a target zone near $1.95 and noted that a clean daily close above about $1.67 would open a path to roughly $1.897, a level that matches a prior swing high and a Fibonacci extension. From the price near $1.64, that range implies about 15% upside to the next target area.
Van de Poppe set a practical invalidation point at $1.40. A daily close below that level would put focus on deeper support between $1.20 and $1.25, with the 0.382 Fibonacci retracement around $1.244 cited as an upside-invalidating level.
Fundamental data cited alongside the technical setup centers on NEAR Intents, a cross-chain settlement layer whose fees convert entirely to NEAR after a Fee Switch was activated in February 2026. Daily fee revenue has topped $400,000 at peak days, and cumulative fees have passed $10 million. Traders note that the fee conversion mechanism creates regular buy-side token demand because each Intent fee is converted into NEAR.
Price action shows a series of higher highs and higher lows since a February 6 swing low near $0.84. The 0.618 Fibonacci retracement level at about $1.49 flipped to support after NEAR closed above it on May 17. The spot price has been testing the 0.786 level near $1.671.
Adoption indicators referenced by market participants include a global community map for NEAR Legion with concentrations of active members in San Francisco, Delhi, Lagos, São Paulo, Europe and Southeast Asia. The project’s official account has framed the network’s geography in relation to AI use cases.
In a post on X, van de Poppe wrote: “One of the most bullish charts in the ecosystem: $NEAR. Resilient despite the recent correction on the markets, price already rallies towards new highs. As long as this stays above $1.40, I would assume that there’s continuation on the board. I remain to be expecting a $2.00 test and that’s not strange to expect given the incredible growth on the revenue they have achieved and the use case behind NEAR Intents.”
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