NEAR Protocol (NEAR) is showing bullish momentum as its technical structure points to a potential breakout and further recovery. Meanwhile, NEAR Intents continues expanding its cross-chain infrastructure, supporting more networks and assets while increasing its overall ecosystem reach and activity.
As of now, according to CoinMarketCap data, NEAR is trading at the price of $2.99, with an increase of 17.48% in the past 24 hours and an increase of 19.65% over the past week.
NEAR Protocol Eyes $5.70 After $2.90 Breakout
According to a crypto analyst named Jack, NEAR Protocol is forming an inverse head-and-shoulders pattern on the daily chart. This pattern is often a signal of a possible bullish reversal. Jack says the $2.90 level is the breakout point. NEAR Protocol must rise above $2.90 for the pattern to be confirmed.
A sustained move above $2.90 could strengthen the setup and open the path toward the $5.70 target highlighted by the analyst. The projected move would represent a recovery from current levels, although the pattern would need confirmation through a decisive breakout above resistance.
The analyst also suggested accumulation around the current setup, indicating that the ongoing price action could provide an opportunity for traders positioning ahead of a potential breakout. However, NEAR would first need to overcome the $2.90 resistance before the higher target comes into focus.
NEAR Intents Surpasses $30 Billion Volume as Cross-Chain Network Expands
The data from NEAR Protocol further shows that NEAR Intents has surpassed $30 billion in cumulative transaction volume, marking a key milestone for the protocol’s cross-chain infrastructure. The platform allows users and applications to move and exchange assets across multiple blockchain networks through a unified, intent-based system.
NEAR Intents now supports more than 30 blockchain networks and over 100 assets, expanding the range of assets and ecosystems that can interact through the platform. Each new integration increases the number of networks and assets available to users, helping broaden the platform’s overall reach.
The $30 billion volume milestone highlights the growing activity passing through NEAR Intents as its supported ecosystem continues to expand. With additional integrations increasing its cross-chain coverage, the platform is building a broader infrastructure layer for blockchain-based asset transfers and transactions.
