- NEAR is defending a critical 3-day descending channel floor at $1.15, where a rise in trading volume suggests institutional accumulation.
- The NEAR Intents cross-chain system recently surpassed $10 billion in all-time volume, processing over 15.7 million swaps across 28 integrated chains.
- A successful daily close above the $1.40 resistance could ignite a multi-stage rally, with technical targets extending to a long-term $5.90 peak.
The volatile world of cryptocurrency, NEAR Protocol is capturing attention with a compelling technical pattern that could signal a significant turnaround. As highlighted in a recent analysis by crypto trader @JohncyCrypto, the NEAR/USDT pair is currently defending the lower boundary of a descending channel on the 3-day timeframe. This formation, characterized by lower highs and lower lows, has confined the token’s price action since late 2024, but signs of exhaustion are emerging.
Chain Abstraction Wins: NEAR Intents Hits the $10 Billion Milestone
The chart reveals a clear support zone around $1.15, where buying pressure has intensified, accompanied by a noticeable uptick in trading volume. This divergence suggests bulls are stepping in, potentially setting the stage for a bounce. If NEAR breaks above the channel’s upper resistance near $1.40, it could trigger a cascade of upward moves. Projected targets include $2.00, $2.60, $3.40, $4.30, and an ambitious $5.90, representing substantial gains from current levels.
NEAR Protocol, a high-performance layer-1 blockchain, stands out in the Web3 ecosystem for its sharding technology, which enables scalable and low-cost transactions. Designed for user-friendly development, it supports decentralized applications in gaming, DeFi, and AI integrations. Recent milestones, such as the NEAR Intents system processing over $10 billion in swap volume across 28 chains, underscore its growing utility. Amid broader market recovery in early 2026, these fundamentals could amplify any technical breakout.
Market Sentiment vs. Utility: Balancing AI Integration and Bearish Headwinds
However, predictions vary widely. While some analysts foresee a 2x surge driven by protocol upgrades and cross-chain interoperability, others project more conservative figures, with end-2026 prices potentially dipping to $0.73 or averaging around $0.99. February forecasts hover between $0.79 minimum and $1.44 maximum, reflecting ongoing bearish pressures from regulatory uncertainties and competition from Ethereum’s advancements.
Investors should monitor key resistance at $1.85, as a breakthrough could validate the bullish thesis. Yet, in crypto’s unpredictable landscape, external factors like ETF approvals or macroeconomic shifts remain pivotal. As always, this analysis is for informational purposes—conduct thorough research before trading.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
