Michaël van de Poppe, the founder of MN Trading and a prominent market analyst, posted on X today, October 30, 2026, about the NEAR Protocol (NEAR) token. He stated that NEAR is "one of the most resilient assets in the ecosystem." Van de Poppe observed that NEAR had failed to break through a resistance zone at $4.60, subsequently hitting a marked support level of $3.90. He then noted, "Massive bounce upwards to $4.40 already and if you'd ask me, if the entire hack is behind us and worst is priced in, we're likely seeing a strong reversal back upwards on $NEAR. Sometimes those chances are only provided in a blink of an eye."
The digital asset market is currently experiencing a period of 'Fear,' with the Crypto Fear & Greed Index at 30. Recent coverage has discussed institutional adoption, with Bitwise raising its Bitcoin target to $1.6 million by 2036. The Bank of Japan recently held its rate at 1.25%, having met its inflation target, while Bitcoin institutional flows have remained steady. The market remains sensitive to news, particularly concerning security events like hacks, which can impact investor sentiment and asset valuations.
Van de Poppe's analysis suggests that NEAR could be poised for a significant upward price movement if the market perceives that any negative impact from a recent hack has been fully absorbed. Investors might watch for confirmation that the 'worst is priced in,' as he implies, which could trigger a buying opportunity. His mention of specific price levels, $3.90 as support and $4.60 as resistance, highlights critical technical thresholds for the token’s near-term performance.
