NEAR Protocol has regained its position, demonstrating a price increase of 17.27%. The rising demand from the Intents ecosystem and the activity of major players contributed to this upward trend. The Intents ecosystem has shown significant progress, as evidenced by the increase in total value locked (TVL) to approximately $90.52 million, which represents a 188% increase over the last 90 days. The 'NEAR@3.33' incentive program also played a role in the expansion, encouraging users to deposit funds into Confidential Intents. Participants received convertible tokens when the average price of NEAR remained at $3.33 or higher for three days. This created an additional demand catalyst and attracted capital to NEAR's cross-chain infrastructures. The trading volume of NEAR increased by 93.63%, reaching $2.21 billion, indicating more active market participation.
Demand for NEAR has also spread beyond the Intents ecosystem; spot trading volumes show active participation from major buyers, including whales. The average order size indicator recorded large orders, indicating significant transactions during the recent rally. This is confirmed by the dominance of buyers in the spot market. Meanwhile, derivatives traders have also begun to increase their long positions, which confirmed the bullish trend observed in the spot market. At the time of writing, this indicator stood at 0.0282%, approaching maximum positive values. However, the high funding rate also implies risk: if prices do not hold, traders may begin to close positions, which could trigger a price pullback.
According to current data, NEAR has reached the $4.30 zone, with the premium breakout zone fluctuating between $3.60 and $4.50, where NEAR previously demonstrated significant growth of 127% to $8. If NEAR can break through the $5 level, it will confirm a more confident position and open the way to $8. However, if the resistance does not hold, consolidation may occur before a new attempt to rise.
Related articles
