The move was also supported by positive developments within the ecosystem. NEAR recently introduced new features related to artificial intelligence and privacy. Crypto figure Arthur Hayes has therefore taken a particularly bullish view of the project: NEAR Protocol: Arthur Hayes expects a “pump to a new all-time high”.

The fundamentals also remain supportive: the total value locked in the network is significantly above last year’s level.

In the coming days, market attention will turn to funding rates. If they remain elevated, this could indicate continued speculative interest. A normalization, however, would suggest that the short squeeze is losing momentum.

NEAR price: what matters now

Over the past 12–24 hours, NEAR traded between $1.918 and $2.305, based on the last three 4-hour candles. The current closing price is $2.266, well above the previous day’s close of $1.927. Market capitalization currently stands at around $2.94 billion.

Trading volume increased significantly during the same period, supporting the short-term price move. The price is clearly trading above the EMA-20 at $1.840 and is forming a sequence of higher highs and higher lows, signaling short-term strength.

Relevant support levels are located at $2.103, the latest daily low, and $1.807, a previous consolidation area. Immediate resistance is at $2.305, the current high, while the all-time high at $20.44 remains far above as a long-term reference point. As long as the price stays above the EMA-20, the short-term market structure remains bullish.

Pullback risk remains elevated

The RSI is near 74.5, indicating overbought but still dynamic buying conditions. The histogram shows strong positive acceleration, confirming the current upward move.

The Bollinger Bands width is around $0.818, pointing to elevated but not yet extremely overheated volatility. The market is in a breakout phase, although the risk of short-term pullbacks remains high as long as no stable consolidation forms above $2.10.

NEAR forecast: can the price keep rising?

The short-term outlook for NEAR remains bullish with increased volatility. Support is located near $2.103, with a lower level at $1.807. Immediate resistance stands at $2.305, while the all-time high at $20.44 remains the broader upside reference.

Bullish scenario

A sustained breakout above the current high at $2.305 could trigger a new wave of momentum. This scenario would require a clear increase in volume, a further RSI rise above 80 points and continued price stability above the key support levels.

From a technical perspective, the Fibonacci trend would also provide another buy signal. The next psychologically important target is located at $3.000.

Bearish scenario

If the RSI falls below 50 and the price drops under $2.103, the technical picture would deteriorate noticeably. In that case, the support zone around $1.807 would come into focus. The EMA-20 at $1.840 is also an important level to watch.

If the short-term trend continues to reverse lower, NEAR could pull back toward the $1.6–1.3 range.

Investors should adjust position sizes to the elevated volatility and the key levels mentioned above. In the current environment, risk management remains especially important.