While Bitcoin and Ethereum extended losses today, down 2.2% and 3.3%, respectively, NEAR Protocol Price (NEAR) rallied more than 20% over the past 24 hours, trading around $2.29, with volumes up nearly 290% to over $714 million.
It’s one of the few large-cap altcoins posting double-digit gains while broader crypto markets remain under pressure from macro liquidity stress.
According to Citi analysts, the recent crypto downturn traces back to shrinking global liquidity, with over $500 billion drained from bank reserves since July 2025 as the U.S. Treasury rebuilds its cash balance.
That tightening has pushed capital into bonds and cash, dragging down risk assets like cryptocurrency. Still, coins like Filecoin, Internet Computer, Artificial Superintelligence Alliance, Zcash, and NEAR Protocol crypto are bucking that trend.
Market Rotation Toward Infrastructure and AI Tokens
The immediate reason the Near Protocol Price is going up today is that NEAR Intents’ daily volume hit an all-time high of $200 million, as confirmed by the project’s official account on X (formerly Twitter). The post celebrated the milestone, calling it “unstoppable liquidity.”
This new milestone appears to be attracting traders as they rotate into AI-related and infrastructure-focused coins. Tokens like Filecoin (FIL), Internet Computer (ICP), Artificial Superintelligence Alliance (FET), Zcash (ZEC), and NEAR Protocol (NEAR) are leading today’s gains, suggesting the market is chasing projects that combine AI, data, and interoperability narratives.
Furthermore, this follows a new integration between NEAR Protocol and Zcash. The upgrade introduces the NEAR Intents cross-chain coordination layer, allowing users to leverage Zcash’s privacy features for payments on other blockchains without revealing sender addresses, essentially making Zcash a stealth payment layer across ecosystems.
NEAR Intents are a protocol on the NEAR blockchain that enables users or AI agents to express goals in simple terms, eliminating the need to understand or execute complex technical steps.
NEAR Protocol Price Eyes $3 as Bulls Test Key Resistance
At press time, NEAR trades around $2.29, up 20% on the day and 22% on the week. Technical data shows the NEAR protocol coin shows a clear bullish bias.
TradingView data indicates a “Buy” signal across most oscillators and moving averages, with RSI around 51, signaling balanced momentum but room for upside.
The main resistance sits near $3, where traders expect the “real rally” to begin, according to market analyst @CW8900, who flagged a selling wall at that level.
If buyers can break through the $3 zone, analysts expect a potential move toward $3.60–$4.00 in the near term. However, failure to clear that barrier could trigger short-term pullbacks to the $1.85–$2.00 support region.
READ MORE: Cardano Price Forms Risky Patterns as Hoskinson Bets on Leios and Midnight
