NEAR Protocol (NEAR) has extended its recent upward momentum, firmly breaking past critical resistance at $2.72 and positioning itself for a potential breakout above the psychological $3.00 barrier. This bullish continuation reflects broader market optimism as altcoin season begins to take shape, drawing capital away from Bitcoin and into high-potential layer-1 tokens like NEAR.
NEAR Confirms Breakout, Gains Institutional and Retail Momentum
NEAR surged past its multi-week resistance at $2.72, validating a bullish breakout supported by robust trading volume and sustained intraday strength. As of the latest session, NEAR closed at $2.79, recording a 5% daily gain, with trading volume exceeding 4.4 million tokens.
The asset rallied within a $0.19 price range, from a low of $2.64 to a session high of $2.83, representing a 7% intraday swing. Volume spikes above 100,000 units during the closing hour indicated continued buyer interest, particularly around the $2.78–$2.80 levels.
Strong Support and Resistance Zones Forming
NEAR established firm support zones between $2.67 and $2.69, where consistent buying pressure was observed. On the upside, resistance emerged at $2.81–$2.83, where short-term profit-taking and distribution activity began to surface.
If NEAR manages to break and hold above $3.00, the next technical target lies near $3.32, beyond which a parabolic move could unfold, driven by momentum traders and FOMO-driven inflows.
Altcoin and AI Market Strength Fueling the Rally
This upward trajectory is supported by macro-level shifts, as capital rotates from Bitcoin to altcoins amid growing optimism in high-beta assets. The AI token sector also added momentum, expanding to a $33.64 billion market cap following a 6.61% intraday gain, further reinforcing bullish sentiment across speculative assets.
NEAR’s alignment with Web3 infrastructure and developer-focused innovations makes it a prime beneficiary of this AI-fueled narrative and broader altcoin revival.
Outlook: Momentum Builds Toward $3.00 and Beyond
With strong technical support, rising trading volume, and macro tailwinds, NEAR appears well-positioned to challenge and potentially break above the $3.00 level. A successful breach could open the door to $3.32, followed by possible upside continuation if market conditions remain favorable.
Traders and investors should monitor volume dynamics and resistance pressure near the $2.83 and $3.00 zones, which remain pivotal in determining NEAR’s short-term trajectory.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.