The $NEAR token is currently developing a cup and handle pattern on the weekly timeframe indicating a strong accumulation phase that may be nearing completion. This technical formation suggests that bullish momentum is building with potential price targets of $6.14 $8.20 $12.00 and $20.00 anticipated as the handle forms and the price breaks above the neckline. Traders should watch for confirmation of this breakout as it could signify a significant upward movement in the token's value.