- NEAR holds above $2.20 with solid technical support and bullish signals building.
- Analysts predict an upside breakout with $2.40 and $6.76 as potential targets.
- NEAR’s AI-driven ecosystem growth sets it apart as a Web3 infrastructure leader.
NEAR Protocol (NEAR) continues to demonstrate quiet resilience in a mixed crypto market, posting a modest but meaningful gain of 1.35% in the past 24 hours. Currently trading at $2.20, the token has shown relative strength, rising 6.36% over the last seven days.
Trading volumes have also surged, with $184.97 million recorded in daily activity, a 39.93% increase, reflecting renewed interest from participants.
While overall retail sentiment is still cautious in the wider altcoin markets, NEAR seems to be progressing into a technical support area, bottoming at $2.03. Most analysts read this area as a base from which to make further gains, especially considering that it was able to stay above short-term moving averages.
Technical Analysis Fuels NEAR’s Bullish Momentum
Technical analysis has only served to provide further fuel to an already bullish narrative. Crypto analyst Ali detected an upside reversal pattern called an inverted head-and-shoulders on NEAR’s price chart. If it breaks above resistance at its neckline, a 15% move up to $2.40 could be near.
Analyst Thomas Reid outlined a long-term upward trend, using $3.10 as a critical Fibonacci point of resistance with a possible upside price target of $6.76. Market structure, volume inflow, and past history suggest getting there by way of a steady accumulation process, the type that usually precedes explosive expansion.
In Reid’s words, while panic does move the herd, patient positioning happens quietly. This is consistent with wider smart money movements over the past weeks, with larger holders adding exposure in times of low volatility.
NEAR AI Push Revolutionizing Blockchain Ecosystems
Beyond price action, NEAR’s ecosystem growth is increasingly gaining traction among both developers and investors. Leading the way is the protocol’s concerted foray into AI under the direction of co-founder Illia Polosukhin, an individual with strong ties to the world of machine learning, including as a co-author of the seminal “Attention Is All You Need” paper.
NEAR just announced that it is building an 1.4 trillion parameter open-source AI model, which puts it at the forefront of user-owned AI infrastructure. It follows products such as NEAR Intents, which help simplify human interactions in decentralized systems by allowing users to describe desired endings with the protocol taking care of optimizing everything behind the scenes.
In addition, the launching of the AI Agent Fund is a testament to NEAR’s focus on promoting innovation by providing capital assistance to projects that touch on both AI and blockchain. Collaborations like a recent one with privacy-centric Zcash show that the protocol is increasingly playing a leading role in developing the next generation of Web3 apps.