NEAR Price Prediction: NEAR Protocol Is Up 82% From Entry, But Analysts Still See a Rally Ahead

Near Protocol spent the past few years stuck in a brutal downtrend. After the massive collapse from the 2022 highs, most traders stopped paying attention completely as the project slowly faded into the background during the bear market.

Now things are starting to look different. Over the past few weeks, the NEAR price pushed through important resistance levels, volume moved higher, and on-chain activity started climbing again. 

Traders who ignored NEAR for months are watching the charts again because the structure no longer looks trapped inside the same long-term bearish pattern. Some traders even believe this recovery could become much bigger if the altcoin market keeps improving.

Traders think NEAR could still have more upside

Crypto analyst Crypto Patel became one of the bullish voices around NEAR after reminding traders that he originally called the accumulation zone between $1 and $1.30. Since then, the NEAR price climbed more than 80% after bouncing from the $0.83 region.

Patel believes the market may still be in the early stages of a much larger move. His long-term targets stretch toward $8, $17, and even the $30-$50 region if a full altcoin supercycle returns. That sounds aggressive, but the weekly chart explains why some traders are becoming more optimistic again.

We had a look at the long-term NEAR chart, and the market finally appears to be breaking away from the massive descending channel that controlled price action for years after the 2022 collapse. 

The latest breakout attempt also came after NEAR respected a major bullish order block, which traders often treat as an accumulation zone before larger recoveries begin. The breakout itself also happened with very strong volume, which helped convince traders this move could be more than another temporary bounce.

On-chain activity around NEAR is picking up fast

One of the biggest reasons traders are becoming more interested in NEAR again is the jump in network activity. Glassnode data shows active addresses climbed toward some of the highest levels visible on the chart, reaching roughly 116,000 to 117,000 users during the latest period. 

The number of transfers across the network also climbed fast, reaching one of the strongest levels on the chart around the 820–900 range. That usually catches traders’ attention because it shows activity on the network picking up alongside the NEAR price breakout above the $1.55–$1.60 area.

The AI narrative around NEAR is also helping sentiment. Many traders now view the project as one of the stronger AI-related crypto ecosystems, especially after support from well-known names like Arthur Hayes.

Institutional exposure has also helped confidence improve. Firms like a16z and Tiger Global still hold NEAR positions, and traders continue watching whether larger investors become more active if the market stays bullish.

The NEAR charts still look bullish

The shorter-term charts also continue leaning bullish for the NEAR price. We had a look at the daily chart, and NEAR managed to reclaim the 100-day moving average near $1.26 after spending a long time underneath it. 

Traders usually view that as an important sign that momentum is improving again. The breakout above the $1.55-$1.60 resistance zone also came with a huge increase in trading volume, which gave the move much stronger confirmation.

Daily NEAR price chart analysis.

Momentum indicators are still positive overall, although the daily RSI climbed above 70 and entered overbought territory. That increases the chances of some consolidation or cooling off before the next major move develops.

We also had a look at the 4-hour chart, and the structure there still looks healthy. The NEAR price printed a clear break of structure after pushing above previous resistance, and the 100-period moving average continues acting as support underneath the market.

4-Hour NEAR price chart analysis.

Right now, traders are paying close attention to the $1.64 region. If buyers continue defending that area, many expect another attempt toward $1.70 and possibly higher toward the $2 level later on.

Why traders are watching NEAR again

Part of the excitement around the NEAR price comes from several bullish factors happening at the same time. 

The project has introduced deflationary token mechanics after reducing emissions and increasing token burns through network fees. Traders generally view lower supply growth as positive if demand keeps rising.

There is also growing interest around NEAR’s future upgrades tied to post-quantum security and possible ETF-related developments tied to the broader market. Of course, risks still exist. Altcoins can reverse quickly if market sentiment weakens or if Bitcoin starts pulling liquidity away from the rest of the market again.

Still, the biggest change is simple: the NEAR price no longer looks completely dead after years of downside pressure. Traders are finally seeing stronger charts, rising network activity, and improving sentiment all happening together again.

Can the NEAR price keep running?

The NEAR price finally looks alive again after breaking above major resistance and seeing network activity pick up fast at the same time. Traders are now focused on the $1.70 area because if buyers push through that level cleanly, the next targets could quickly move toward $2.00 and even $2.40. 

If altcoins keep heating up and the AI narrative stays strong across crypto, many traders think the NEAR price may still be far from its biggest move this cycle. 

CoinCodex’s 1-month NEAR price prediction places the price at $1.51. That forecast is slightly below the current NEAR price, making it one of the more cautious outlooks despite the improving chart structure and rising bullish sentiment around the project.