NEAR Protocol (NEAR) is showing bullish signals in the crypto market after crossing $1 billion in all-time transaction volume for its Intents product, just as traders identify major accumulation signals that could set the stage for a breakout rally.
As of September 9, NEAR is trading around $2.66, up over 7% in 24 hours, with daily trading volume soaring 81% to $210 million. The protocol’s market cap now stands at $3.3 billion, reflecting renewed momentum after months of sideways action.
The surge coincides with NEAR’s announcement that Intents, its cross-chain agentic transaction layer, has processed more than $1 billion in lifetime volume.
According to NEAR, Intents has quickly become a “seamless way to transact cross-chain,” with strong adoption across AI-driven and high-speed use cases.
Dune on-chain data supports the story: dashboards show 2.2 million total swaps, 115 supported assets, and over 121,000 unique users in the past 30 days, alongside a total value locked (TVL) above $15 million.
Similarly, additional data reveals Near Protocol controls 3.1 million daily active addresses, second only to BNB Chain.
NEAR Protocol Price Analysis: Bulls Aim for $6-$9 After Key Reversal
Analysts and traders are increasingly framing the NEAR coin as one of the most promising setups in the crypto market.
CryptoBusy pointed out that NEAR has been “showing strong accumulation after forming a double bottom around $1.8” and is now pressing toward a key resistance near $3.6. A breakout above that level, they argue, could trigger a mark-up phase with targets above $6.
Adding to the bullish sentiment, FOUR Crypto Spaces highlighted a confirmed Head and Shoulders bottom pattern, calling the reversal “significant” and projecting prices to climb toward the $7–$9 range in the coming weeks.
Technical signals echo this optimism. NEAR/USDT chart on Binance shows a clean upward trend from $2.50 to $2.68, with TradingView’s indicator panel rating NEAR a “Strong Buy”. Out of 15 moving averages, 13 are flashing bullish, while momentum and MACD readings are turning positive.
Still, caution lingers. Immediate support sits around $2.50, with a structural floor at $1.8. If it loses current levels, it could force another round of consolidation before any breakout attempt.
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