NEAR Protocol has risen more than 10% in the past 24 hours, with the price reaching around $2.89. Along with the price rebound, trading volume has nearly doubled since the beginning of the month, indicating increasing market attention to this token.
Amid the recent resurgence of AI-driven crypto narratives, NEAR, Internet Computer (ICP), and Render (RENDER) have emerged as a group of strong-performing tokens. NEAR, after a brief pullback, has rebounded and recovered to the $2.75 level, with the market now focusing on its potential to climb further above $3.
Back to key resistance zone
Looking at the weekly chart, the $2.75 to $3.10 range has been a key area where NEAR has repeatedly traded throughout 2025, acting as both support and resistance. The price's return to this range suggests the market is testing a crucial level that has persisted for several months.
If prices can stabilize above this range, the short-term trend of NEAR may improve further. Conversely, if significant selling pressure is encountered during the upward movement, short-term volatility may still increase.
Trading volume increased simultaneously
This round of price increases was not solely driven by price. The article mentions that the weekly trading volume on the NEAR chart also increased significantly, indicating broader market participation behind this rebound.
Meanwhile, the price is approaching the $3 level, where the 200-week moving average is located. This position is generally regarded as a key level to observe medium- to long-term trends, making the $3 mark one of the most closely watched levels in the current market.
- The price has increased by more than 10% in the past 24 hours.
- The current price is approximately $2.89.
- The key observation range is $2.75 to $3.10.
Keep an eye on the $3.50 area.
If buying pressure continues and the $2.75 to $3.10 range becomes support, NEAR may further test the $3.50 to $3.75 area. This is also the main resistance zone for the next stage, as indicated in the article.
However, as prices approach higher levels, the market will face profit-taking pressure. Whether NEAR can maintain its current momentum depends on whether buying pressure is sufficient to absorb selling pressure and whether it can achieve a more stable consolidation around $3.
