Українська
Русский
English
NEAR Rises 20% and Targets $3.77 Again
$NEAR stood out sharply against the backdrop of a weak crypto market. While the total capitalisation of digital assets fell by 3.7%, the Near Protocol token gained almost 20% over 24 hours and climbed to $2.75.
The rally brought attention back to an old technical scenario. $NEAR once again bounced from a historical bottom zone that, in previous cycles, preceded strong rallies. The market is now assessing whether the asset can reach the $3.40–3.77 range as early as June.
$NEAR Moves Against the Market
In recent weeks, $NEAR has looked stronger than major assets, including Bitcoin and Ethereum. This is noticeable against the backdrop of a broader market decline, where investors have become more cautious about risk and are reducing positions in most altcoins.
Interest in $NEAR is not driven by the chart alone. Near Protocol is advancing infrastructure at the intersection of artificial intelligence, privacy and cross-chain interoperability. These themes remain among the most discussed in the crypto industry, especially when the market is looking for projects with clear technological use cases.
In the short term, the rally intensified after a bounce from a key support zone. For traders, this became a signal that $NEAR may repeat part of an old scenario, when recovery from a multi-year bottom turned into a stronger move.
The Historical Zone Worked Again
On the weekly chart, $NEAR once again bounced from the $0.90–1.10 area. This zone has already played an important role in previous cycles. After breaking out of it in 2021, the token rose by 2,375%, while in 2024, recovery from the same range ended with a gain of roughly 900%.
The current cycle looks more modest, but the structure is similar. In February, $NEAR again formed a bottom in this zone, after which it rose by around 225%. Now the price is approaching a multi-year descending resistance line.
This is the line that previously stopped major rallies. Therefore, the coming weeks will be an important test. If $NEAR can break through resistance, the market will receive an argument in favour of continued growth. If not, some traders will start taking profits after the strong rebound.
The Growth Target Is in the $3.40–3.77 Zone
The nearest strong range for $NEAR is located around $3.40–3.77. It coincides with the 200-week exponential moving average and the 0.382 Fibonacci level.
From current values, this gives potential of roughly 25–40%. For a June scenario, this looks like a realistic target if buyers can maintain momentum and break through the nearest resistance.
However, before that, $NEAR needs to consolidate above $2.61–2.72. This zone coincides with the 100-week exponential moving average and the 0.236 Fibonacci level. As long as the price remains near it, the risk of a pullback remains high.
Risk of a Pullback to $2 Remains
The technical picture for $NEAR already looks strong, but not without signs of overheating. The weekly RSI is near 68, close to the overbought zone. A break above 70 could increase the risk of short-term profit-taking.
If $NEAR cannot confidently break through the $2.61–2.72 range, the price may return to the 50-week exponential moving average. It is located roughly around $2. Such a scenario would imply a decline of about 30% from current levels.
This would not cancel the long-term recovery structure, but it would cool the market after the rapid rally. Such pullbacks are typical for altcoins, especially when the price quickly approaches strong technical zones.
$NEAR Intents Strengthens the Fundamental Story
The fundamental argument in favour of $NEAR is linked to the development of $NEAR Intents. This is a cross-chain transaction system that allows users to move assets between blockchains without manually working with bridges and fragmented liquidity.
According to DefiLlama, $NEAR Intents has processed $19.69 billion in volume and generated around $32.64 million in fees. These are important figures for the market because they show not only promises but actual product usage.
Such metrics help $NEAR stand out among altcoins. In weak market conditions, investors more often choose projects with working infrastructure and clear network demand. $NEAR is now trying to occupy exactly this position.
June Upgrade May Add Demand
Another factor is the expected June network upgrade. It is set to introduce dynamic resharding — a mechanism that automatically adds throughput as demand grows.
The point of the upgrade is to allow the network to scale without users and developers having to manually manage infrastructure. This is important for applications that need stable performance as load increases.
If the upgrade goes through without disruption, it will strengthen the technical thesis around $NEAR. The project will be able to show that it is ready for higher activity in AI, privacy and cross-chain operations. For the price, this is not a guarantee of growth, but it is an important fundamental backdrop.
Arthur Hayes Expects Strong Long-Term Growth
Additional attention to $NEAR was drawn by a forecast from BitMEX co-founder Arthur Hayes. He believes that, in the long term, the price of $NEAR could increase 20-fold.
This forecast should not be treated as a short-term target. Rather, it shows that some large market participants see Near Protocol as one of the projects with potential for the next cycle. This is especially true if demand for AI infrastructure and cross-chain solutions continues to grow.
For the current June setup, closer levels are more important. The market must first test the $2.61–2.72 range, then the $3.40–3.77 zone. Only after that can a stronger continuation of the trend be discussed.
What Comes Next?
$NEAR is at a point where the technical picture and fundamental backdrop have aligned. The token bounced from a historical support zone, is showing strength against the market and is approaching important resistance.
If the price consolidates above $2.72, the nearest target will shift to $3.40–3.77. This would give $NEAR upside potential of up to 40% from current levels. Such a scenario would look especially convincing if the June network upgrade is completed successfully.
If the breakout does not happen, the market may move into profit-taking. In that case, the nearest reference point would be the zone around $2. For now, $NEAR remains one of the strongest major altcoins, but further growth depends on whether buyers can keep the price above the key resistance range.
See also: "Polymarket Traders Put the Probability of Bitcoin Falling Below $60,000 in June at 62%"
