What to know:
- NEAR gains bullish momentum after reclaiming key support, signaling potential reversal toward higher resistance.
- Price strength rises as NEAR gains 5.66% in 24 hours, with $3.30 and $3.70 as next upside targets.
- Confidential DeFi TVL on NEAR Intents hits $26M, showing rising demand for privacy-focused DeFi.
NEAR Protocol (NEAR) is showing renewed bullish momentum after reclaiming a key technical zone, suggesting buyers are gaining control.
The NEAR price action indicates potential upside toward higher resistance levels if strength continues. Meanwhile, growing confidential DeFi activity highlights rising demand for privacy-focused applications, supporting overall ecosystem expansion.
At the time of writing, NEAR is trading at $2.53 with a 24-hour trading volume of $575.22 million and a market capitalization of $3.29 billion. Following the 5.66% gain over the last 24 hours, the NEAR price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: NEAR Price Could Surge to $2.55 Target If Bitcoin Maintains Key Support Levels
NEAR Price Breakout Signals Upside Rally Toward $3.70
According to the crypto analyst Chiefrat, the NEAR price is showing renewed strength after reclaiming a key support and resistance zone that previously capped its upside.
The move suggests buyers are regaining short-term control as market structure improves following consolidation. Traders view this breakout retest as a potential shift for the NEAR price, with bullish sentiment gradually returning across charts and indicators strengthening momentum.
Source: Chiefrat’s X Post
With the growing momentum, the attention now turns to greater resistance, which can be seen near the $3.30 price level.
In the event that buying interest is sustained, the $3.70 price level should act as a stronger barrier for the NEAR price. Overall, the NEAR price seems set to enjoy further gains as long as the market environment remains supportive.
NEAR Ecosystem Expands as Confidential TVL Hits $26M
The data from NEAR Protocol further highlighted that TVL in NEAR Intents on a confidential basis has now climbed to around $26 million, indicating that there is growing interest in privacy-enabled DeFi solutions.
This comes against a backdrop of rising popularity of platforms that allow transactions to be kept private while still being verified cryptographically.
Source: NEAR Protocol’s X Post
This trend highlights a broader move towards a digital economy that puts power into the hands of users. In the context of the NEAR network, privacy protocols have started gaining prominence as markets favor decentralization, transparency, and openness.
With the advent of privacy DeFi, it can be inferred that privacy will form one of the most important pillars of the blockchain ecosystem.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: NEAR Price Gains Momentum as Technical Setup Points to $2.45 Target
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