NEAR surged 140% in 30 days, but analyst Rekt Capital says it must close above $5.97 weekly to confirm a breakout. Rekt Capital identifies $5.37 as key support that could underpin another att
NEAR has gained 140% over 30 days, drawing attention to its cross-chain infrastructure and AI agent development. However, analyst Rekt Capital says the token has not confirmed a breakout after closing its weekly candle below $5.97. Writer StarPlatinum highlighted NEAR’s ecosystem activity, while Rekt Capital identified $5.37 as support for another breakout attempt.
StarPlatinum said NEAR is developing infrastructure connecting blockchains and autonomous AI agents. Its NEAR Intents system lets users swap assets across networks without manually managing bridges, gas tokens or liquidity routes.
https://twitter.com/StarPlatinum_/status/2109648127506411825?s=20Users specify the assets they want to receive, while competing solvers execute transactions. According to StarPlatinum, the system has processed $30 billion in cumulative volume.
Additionally, NEAR is developing infrastructure for autonomous AI agents. NEAR Intents could handle cross-chain execution, reducing the need for agents to navigate multiple bridges manually. The ecosystem has also announced a $20 million AI Agent Fund.
StarPlatinum reported that 96.4% of NEAR’s tracked token supply is already unlocked. This reduces the gap between circulating supply and fully diluted supply compared with many older layer-1 tokens. However, validator emissions continue to increase the token supply.
The writer also addressed an exploit involving approximately $3.8 million linked to NEAR Intents. StarPlatinum said the incident did not compromise the entire NEAR blockchain, disputing broader concerns about the network.
The post placed NEAR near the $6 range following its recent gains. However, the price’s position against resistance remains central to Rekt Capital’s analysis.
Rekt Capital said NEAR remains within its macro trading range after failing to close above $5.97 on the weekly chart. The analyst said the token was not ready for a sustained upward continuation.
Instead, Rekt Capital identified $5.37 as the support level NEAR needs to test during a potential pullback. Holding that level could provide another opportunity to challenge the range’s upper boundary.
StarPlatinum focused on NEAR’s cross-chain activity, token supply and AI development. Meanwhile, Rekt Capital’s assessment centered on the weekly close and the price levels required for another breakout attempt.
