What to know:
- NEAR Intents launched on Rabby Wallet, enabling seamless cross-chain swaps across Ethereum and EVM networks.
- NEAR holds key support after a channel breakout, with analysts targeting a potential move toward $7 if momentum builds.
- RSI and MACD show short-term bearish pressure, but the broader structure still suggests possible upside continuation.
NEAR Intents has officially gone live on Rabby Wallet, enabling seamless cross-chain swaps across Ethereum and other EVM-compatible networks.
The integration allows users to trade assets across multiple chains without manual bridging, automatically finding the best routes, improving efficiency, and simplifying the overall multi-chain trading experience for decentralized finance users.
Source: NEAR Protocol’s X Post
The launch is expected to boost transaction volume and expand NEAR’s reach across the EVM ecosystem by providing more swap routes and deeper liquidity access.
By powering wider cross-chain connectivity inside Rabby, NEAR Intents strengthens its role as interoperability infrastructure, supporting faster, cheaper, and more user-friendly asset movement between different blockchain networks.
Also Read: NEAR Protocol Price Crashes Below $1.42 Support: Potential 30% Decline Looms
NEAR Could Surge Toward $7 After Channel Retest
Following this major achievement, NEAR is currently indicating bullish momentum on the 3-day chart after successfully retesting the midline of the previous broken descending channel.
According to the crypto analyst known as Butterfly, the level has acted as support, indicating the strength of the breakout. This is considered a strong indicator of the continuation of the current trend, indicating that the current buyers are defending the level and preparing for the next push up.
Source: Butterfly’s X Post
As the buying pressure increases gradually, traders think that the present consolidation may be the final zone for the buy entry before the next significant run-up.
If the present support holds, the technical projections based on the breakout pattern suggest the price may reach the resistance zone of $7. The growth in volume will be crucial for the price of NEAR to reach higher resistance.
Momentum Indicators Point to Cautious Optimism
According to TradingView, the Relative Strength Index for the token is at 43.33, which is an indication of a definitive shift towards bearish momentum.
As the Relative Strength Index is moving lower and has fallen below the signal line, the sellers are in control of the token. There is ample room for the token to fall before it reaches oversold territory.
Source: TradingView
The MACD indicator supports the bearish view with its recent bearish crossover. The MACD line and the signal line are both falling, and the red histogram bars are increasing in size.
The technical setup suggests an increase in selling pressure and the absence of support for purchases. The price may stabilize around the previous support levels in February.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: NEAR Protocol (NEAR) Price Targets $8 If Midline Support Holds Strong
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