NEAR Protocol’s price is at a critical technical juncture after retesting the midline of a descending channel. Analyst Jonathan Carter suggests holding above this support could target levels up to $8.00, but recent indicators show a bearish MACD crossover. Concurrently, NEAR AI has integrated with the Venice protocol to enable confidential, verifiable AI computations on-chain.
The price of NEAR Protocol is entering a decisive phase after retesting a key technical level. According to analyst Jonathan Carter, holding above this midline support could confirm a bullish breakout from a long-term pattern.
Carter noted potential upside targets at $2.00, $2.60, and $3.40 if support holds. The analysis identifies further resistance at $4.30 and $5.90, with a long-term target of $8.00.
Current technical data points to a shift in momentum, however. The Moving Average Convergence Divergence (MACD) indicator has shown a bearish crossover as the price tests the 20-day simple moving average.
This signals a neutral-to-bearish short-term bias for the asset. The price recently corrected after hitting a high near $1.50, with major support seen lower near $1.17.
In a separate development, NEAR AI integrated with the Venice protocol to advance crypto privacy. The integration enables confidential AI inference with cryptographic verification, allowing computations without leaking user data.
Developers state this could redefine privacy levels in cryptocurrency. A live discussion is planned to explore confidential computing and verifiable privacy as demand for secure blockchain technology grows.
