NEAR climbed 7.59% to $2.51 after Confidential Intents surpassed $70 million TVL. Eligible users can receive 333,333 locked [email protected] tokens through the milestone program. Holding $2.44 suppo
NEAR Protocol has caught traders' attention after a sharp move higher. The token climbed 7.59% to $2.51 following a major TVL milestone. Confidential Intents recently crossed $70 million in total value locked. The achievement also triggered a planned airdrop for eligible users. Meanwhile, growing privacy adoption adds another layer to NEAR's bullish narrative. Traders now watch key support and resistance levels closely. The next move could depend on demand, volume, and broader market conditions.
https://twitter.com/CryptoBullet1/status/2100239005241520558Confidential Intents reached $70.79 million in TVL after strong recent growth. The figure climbed 129.3% during the past 90 days. DeFiLlama now places overall NEAR Intents TVL near $137.8 million. The milestone triggered the planned [email protected] Milestone Incentive Program. The program distributes 333,333 locked [email protected] tokens among eligible users.
Participants need balances above $100 and at least one confidential swap. Users with larger balances can receive bigger allocations under the program. Higher swap activity can also increase individual airdrop allocations. The rewards carry an important condition before becoming regular NEAR tokens. [email protected] tokens remain locked after distribution. Each token converts into one NEAR token at a 1:1 ratio.
Conversion requires NEAR's volume-weighted average price to stay above $3.33. The threshold must hold for three consecutive days. Such conditions aim to reduce wash trading and short-term speculation. The airdrop therefore creates another potential catalyst for network activity. Users now have additional reasons to interact with Confidential Intents. Higher activity could support further TVL growth if demand continues.
NEAR currently trades above the $2.44 Fibonacci support level. Holding that area could keep the recent recovery structure intact. A stronger move could send the token toward $2.65 resistance. A break above $2.65 could attract additional technical buying pressure. However, traders still need confirmation from volume and broader market conditions. A loss of $2.44 could change the short-term setup.
Crypto analyst CryptoBullet has also highlighted a potential bullish chart structure. The analyst identified a possible inverse Head & Shoulders pattern. The formation has developed since March 2025, according to the analysis. CryptoBullet believes accumulation below $3 could support a future breakout. However, the analyst expects the complete pattern could take until 2027.
Beyond price action, Confidential Intents continues attracting institutional use cases. Private DEX infrastructure represents one potential application within the ecosystem. Confidential lending markets also offer another growth avenue. Shielded yield vaults could further expand demand for privacy-focused financial products. Funds, DAOs, and institutions may benefit from confidential trading strategies.
