NEAR Protocol [$NEAR] Weekly TF EWP Crypto Analysis FIB TCNEAR ProtocolCRYPTO:NEARUSDAnakynNEAR PROTOCOL: One More Flush Before the Next Multi-Year Bull Market? Since peaking during the 2021 bull market, NEAR has, in my view, been developing a large corrective sideways combo rather than a completed bear market. Instead of a simple ABC correction, price has spent years building a complex structure that has consumed both time and price—a hallmark of many mature Elliott Wave corrections. My preferred count suggests that this macro correction is now entering its final chapter. The recent recovery appears to be Wave (4) of the last impulsive decline. While this rally has improved sentiment, I believe it is more likely to be a counter-trend move than the beginning of a new secular bull market. If this interpretation is correct, one final Wave (5) should complete the entire corrective structure. The area between $0.42 and $0.52 stands out as the most attractive accumulation zone. It aligns with the lower boundary of the long-term descending channel, historical support, and Fibonacci confluence. A final capitulation into this region would fit the Elliott Wave principle of ending corrections with maximum pessimism, potentially providing the foundation for the next multi-year advance. Should Wave (5) complete as anticipated, the entire X wave of the sideways combo would be considered finished. At that point, the focus shifts from surviving the correction to identifying the birth of a new impulsive structure. A confirmed breakout above the multi-year descending trendline would provide the first technical evidence that the macro trend has turned. From there, the previous all-time high around $22 becomes a realistic long-term objective—not as an immediate target, but as a potential destination over the course of the next primary bull market. As always, Elliott Wave analysis is a framework of probabilities, not certainties. This is my primary count, and I will adjust it if price action invalidates the structure. Until then, I remain patient and continue to view any final weakness as part of the broader accumulation process rather than a reason to abandon the long-term thesis. “The market often looks its weakest just before it begins writing its strongest chapter.” Like and follow for more Elliott Wave and macro crypto analysis.