Surged nearly 80% weekly, breaking a multiyear downtrend and reclaiming $3.50. RSI topped 63 while MACD remained bullish, supporting continued buying pressure. Holding $4 could strengthen the
NEAR Protocol has suddenly become one of the market’s strongest performers. The token gained nearly 80% within seven days. NEAR reached about $4.29 after starting near $2.20 recently. Buyers also pushed the price above a major descending trendline. The move now places $5 firmly within traders’ sights. Strong volume and rising ecosystem activity support the recovery. However, elevated momentum could also trigger sharp pullbacks. Traders now face a crucial test near $4.
https://twitter.com/CertiKCommunity/status/2102213506728948001NEAR climbed around 22% during the latest 24-hour period. The recent rally pushed the token above the $3.50 resistance zone. Such a move marked a major shift after months of weakness. Bitcoin also climbed above $86,000, improving sentiment across the broader market. Ethereum traded above $2,760, while XRP approached $1.50 during the same period. Total crypto market capitalization reached roughly $2.93 trillion. Spot Bitcoin ETF inflows and short liquidations added further buying pressure.
NEAR also benefits from stronger activity across NEAR Intents. The platform has processed approximately $29.3 billion in cumulative volume. Weekly volume reached around $842 million during the latest period. Reported TVL crossed $207 million before later data showed roughly $189 million. Deposited asset prices can cause large changes in TVL without new deposits. ZODL also ranked among the largest referral sources by recent transaction volume.
Near Protocol also expanded privacy features across perpetual futures trading. Deposits and withdrawals on near.com now receive confidential treatment by default. The feature separates funding wallets from associated Hyperliquid trading accounts. Confidential TVL on near.com also surpassed $70 million. That milestone triggered the first snapshot for the [email protected] incentive program.
NEAR now faces resistance between $4.20 and $4.40. The token briefly tested around $4.45 during the latest vertical rally. Analyst River Of Neurons described the move as roughly a 92% rise. Strong volume also suggested aggressive participation from larger market players. Holding the $4 level could therefore become crucial for further upside.
A sustained breakout above $4.40 would place $5 closer to focus. Technical indicators currently support the bullish momentum. Daily RSI recently climbed above 63, approaching overbought territory. Meanwhile, MACD remains bullish and continues to support buyer momentum. However, elevated RSI can signal growing pressure after a rapid advance.
Traders may therefore watch $3.80 to $3.90 for initial support. The earlier $3.30 to $3.50 breakout zone provides deeper support. NEAR now has several catalysts supporting the recent recovery. Rising Intents activity strengthens the network’s utility narrative. New privacy features could also attract additional users and liquidity. Still, rapid gains often bring increased volatility and profit-taking.
