NEAR Protocol’s price is currently hovering near the $2 support level, showing signs of strength after a prolonged downtrend. If the price can reclaim $2.80 as a support zone, it could signal that the bottom has been reached. NEAR (NEAR) recently tested this support in December 2023 before experiencing a rally, leading to a high point near $4.60. The current market action suggests that bulls are defending the $1.90-$2.00 range, as they intervened during dips below it and pushed the price back above $1.90. Price action is also moving closer to the 20-day Exponential Moving Average (EMA) at $2.24, a level where NEAR attempted a reclaim in late March, but has been trading within close proximity ever since.