NEAR Protocol has delivered one of its strongest rallies in months, climbing more than 80% over seven days from around $2.20 to above $4.20. The move extends a broader uptrend that has pushed NEAR up roughly 120% over the past 30 days, with the token trading near $4.17–$4.32 at the time of reporting.
Traders are now debating whether NEAR can hold above the former $3.80–$3.90 resistance area, which it broke through during the advance. That zone is being watched as potential new support, with further support levels around $3.40–$3.50, $3.10–$3.20, and the larger $2.80–$3.00 breakout region below.
Analyst CryptoBullet described NEAR's macro chart structure as a giant double bottom and listed $8 and $20 as spot targets. In a stronger scenario, he suggested NEAR could even reach a new all-time high around $30–$40. Meanwhile, Coin Bureau highlighted the token's 80% weekly gain and pointed to the recent launch of confidential perpetual futures powered by Hyperliquid.
On-chain activity has also increased alongside the price rally. NEAR Protocol's total value locked is approaching $190 million, recently reported near $187 million. The network recorded about 52,391 active addresses and roughly $84.19 million in 24-hour decentralized exchange volume. Stablecoin market value was reported near $79.86 million, while app revenue over 24 hours stood at $64,657.
The new confidential-by-default perpetual futures feature, powered by Hyperliquid, allows traders to open positions without publicly linking trades to their accounts. NEAR Intents also enables traders to fund positions across 30 blockchains and access more than 100 assets, adding another layer of utility that could support sustained interest in the protocol.
With market capitalization near $5.45 billion, the key question remains whether NEAR can maintain its breakout and continue toward the higher targets analysts have outlined.
