Giannis Andreou Sets $16 Target for NEAR Behind $6 Weekly Breakout

A Rejection at $6 Leaves NEAR Beneath $5

Between the $4.50 floor that analyst Giannis Andreou marks beneath NEAR Protocol (NEAR) and the $6 weekly threshold above it, a Tuesday post on X reads “NEAR’s next big test is $6.” The NEAR price stood near $4.97 when that post landed at 16:20 UTC; our live read has it down 0.2% since, and about 10% over 24 hours, after the token was turned back at $6 earlier this week. The daily range ran $4.89 to $5.368, leaving the quote beneath both the opening level and the 20-day simple moving average. Measured against the weekly open of $5.896, the token sat down 15.76%, with the week’s low at $4.89.

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The pullback lands inside Andreou’s support zone of $4.50 to $5.30, drawn after the token’s advance above its earlier base. His upside case is conditional. A confirmed weekly breakout above $6 would clear the 0.618 Fibonacci level near $5.83 and bring resistance at $8.809 into focus, with a next extension near $10.93 and an illustrated path toward $16 close to a projected upper trendline. From his stated reference price of $5.428, that endpoint measures roughly 195% higher. Losing $4.50 would instead put $3.98 in focus before the earlier $2–$3 base, and he tied the recovery path to successful retests and higher lows. At the latest quote the token sat inside his zone but below its $5.30 upper boundary, defending the same support and resistance levels the scenario needs. The run to $6 itself came on an 11% push toward $6.00 that nearly doubled trading volume to $3.54 billion.

Daily Momentum Fades While Weekly Trend Holds

On the Oct. 13 daily chart the shorter averages still sit above the longer ones, so the moving-average arrangement remains upward. The 20-day simple moving average stands at $5.029, about 1% above the market, while the 50-day at $3.559, the 100-day at $2.675 and the 200-day at $2.208 all sit below price. The NEAR Protocol token’s daily MACD line, however, reads 0.442 against a signal line of 0.521, with the histogram at minus 0.079 and red bars appearing after the strong positive readings that accompanied September’s rally from the low-$2 range into a band above $4. Since that advance the market has swung several times between roughly $4.30 and $6.

A recovery above $5.03 would reclaim the nearest daily average, with $5.30 to $5.37 as the next nearby recovery area. The weekly picture differs: the Supertrend indicator prints green at $2.951, well beneath the market after switching from its earlier red resistance line, and the weekly Awesome Oscillator holds a positive 2.544. Those weekly readings keep the broader bull market structure intact even as daily momentum fades. A second chart, published by the account Team LAMBO Charts, marks a demand zone at $4.40–$4.60 overlapping Andreou’s lower boundary, with deeper zones at $3.40–$3.60 and $2.20–$2.40.

Liquidation data from the crypto futures market adds pressure points on both sides. Bright estimated bands cluster at $4.85–$4.90 immediately beneath the latest price, with more at $4.50–$4.60, while above the market further bands sit at $5.10, $5.50–$5.55 and roughly $5.75–$5.80. The immediate contest therefore runs from about $4.90 to $5.03, a range holding the daily low and the 20-day average; the full level set sits on our NEAR technical analysis page.

The Distance to $4.50

COINOTAG’s composite scoring frames the band the market now occupies. The strongest support sits at $4.3298, where the Bollinger lower band, the Fibonacci 0.382 and the point of control converge for a score of 100/100, and the nearest resistance of consequence is $5.5201, scored 79/100. Perpetual funding reads a mildly positive 0.0063% with open interest at $528.3 million, leverage present but not stretched. At the current quote of $4.9690, NEAR Protocol (NEAR) sits about $0.47 above Andreou’s $4.50 floor and roughly $0.55 beneath the $5.5201 ceiling, with the weekly threshold at $6 about 21% higher still. That distance is the reading the scenario turns on; for scale, Bitwise CIO Matt Hougan’s long-run case of $155.85 by 2030 sits far beyond either edge.