NEAR Protocol (NEAR) is testing a key long-term resistance level after an extended accumulation phase, with analysts identifying potential breakout targets at $3.29, $8.92, and $20.53. The network has surpassed $24 billion in cross-chain swap settlements through NEAR Intents, signaling growing adoption of its interoperability infrastructure. Despite a 5.22% daily decline and current trading at $1.64, technical signals and network growth continue to support a bullish outlook. The $3.29 level is viewed as a critical threshold that could confirm a broader trend reversal.
NEAR Protocol (NEAR) is trading at $1.64 with a market capitalization of $2.13 billion and a 24-hour trading volume of $176.03 million. The asset has recorded a 5.22% loss over the last 24 hours, though technical structure and network growth point to a potential reversal.
According to crypto analyst noncler, NEAR continues trading beneath a major long-term resistance level after years in a broad accumulation phase. A breakout above the first resistance at $3.29 would signal renewed bullish momentum and potentially mark the beginning of a new macro uptrend.
If buyers maintain dominance, the next support level to observe is $8.92. The ultimate target stands at $20.53, which would represent an increase of more than 3,200%.
The data from NEAR Protocol further highlighted that NEAR Intents has reached the $24 billion milestone in swaps settled by humans using the cross-chain solution. NEAR Intents allows users to swap assets from one blockchain to another by describing the desired end result, as solvers execute transactions through the most efficient route.
The milestone represents increased adoption of intent-based decentralized finance, where users avoid manual cross-chain swap challenges. The system connects to a competitive network of solvers offering faster execution and enhanced pricing.
Despite bullish price predictions and strong network growth, the NEAR price is moving downward, reflecting the cautious environment in the broader crypto market as Bitcoin trends lower. The path forward for NEAR depends on breaking out of the $3.29 level, which may confirm a broader bullish break.
