NEAR has been unusually quiet for months, but according to analyst Michaël van de Poppe, that’s exactly what makes it so interesting right now.
He thinks NEAR isn’t just undervalued, he believes the market is massively mispricing it compared to how fast the ecosystem is actually growing. And when you look at both the fundamentals and the chart, his argument makes a lot of sense.
What you'll learn 👉
NEAR’s Growth Is Exploding, but the Price Hasn’t Caught Up Yet
One of the most prominent recent developments of the protocol that is moving at a rapid pace is the NEAR Intents, as noted by Van de Poppe.
The developers’ base is increasing, and the interest is growing at a pace that is never recorded before. But the NEAR price is still sitting near the bottom of its long-range.
That gap between strong fundamentals and a slow-moving price is what he calls “significant mispricing.” It’s why he prefers quietly accumulating here instead of waiting for a breakout, because in his view, the fundamentals are already way ahead of the market.
The NEAR Chart Looks Like Accumulation, Not a Breakdown
The weekly NEAR/BTC chart supports his point. Instead of trending lower, the NEAR price has been forming a rounded bottom, a structure that usually appears at the end of long accumulation phases. It’s the kind of pattern that builds pressure slowly and then releases it all at once during a breakout.
There’s also a clear bullish divergence forming on the 3-day timeframe, which often shows the market is preparing for a shift even if the NEAR price hasn’t reacted yet.
The first major target sits around 0.00031395 BTC, roughly a 57% move from here. The second sits much higher, near 0.0006689 BTC, which lines up with a major resistance zone from earlier cycles. Both levels are realistic if the NEAR price continues this steady bottoming pattern.
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NEAR Looks Cheap in Both USD and BTC Terms
What makes the setup even more interesting is that the NEAR price looks undervalued against both USD and BTC.
Usually, you only get an undervaluation in one pairing. Seeing it in both at the same time is rare, and it usually means the market hasn’t priced in the current level of growth yet.
With rising developer activity, expanding integrations, and accelerating usage, Van de Poppe believes NEAR is priced like a much weaker ecosystem than what it actually is today.
What’s Next for NEAR?
Near Protocol isn’t making headlines right now, but the underlying story is much bigger than the NEAR price indicates.
With strong fundamentals, long-term accumulation on the chart, clear bullish divergences, and healthy upside targets, analysts like Van de Poppe see NEAR as one of the most overlooked assets on the market.
If this structure holds, the next big move might only be a matter of time.
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