NEAR protocol price advanced 2.41% to $1.40 over the past 24 hours, bouncing off a session low of $1.34 as buyers returned to a zone that analyst Michael Van de Poppe has publicly marked as the key acceleration level.
The session move matters less than what’s building underneath it, as a fee structure that started compressing supply in February 2025. Still 93.1% below its January 2022 all-time high of $20.42, NEAR coin has spent months range-bound while the protocol’s mechanics quietly shifted in its favor.
NEAR Intents Fee Buyback Activates as Protocol Burns 70% of Gas Revenue
Van de Poppe has positioned the NEAR coin as one of the more structurally mispriced layer-1s in the current cycle, and the case starts with fees. Base-layer gas revenue is split 70/30, 70% permanently burned by the protocol. Intents fees go entirely toward open-market NEAR purchases.
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Issuance has also contracted. Annual inflation now sits at 2.5%, producing roughly 32 million tokens per year, half the prior rate following 2025 protocol updates. All VC allocations are fully unlocked, 99% of the 1.29 billion circulating supply is already in the market, and 45.5% of that float is staked.
Against a $1.81 billion market cap and $50–60 million in annualized fees, NEAR’s Intents-adjusted P/S comes out to 28x. Ethereum sits at 194x. Solana at 40x. That discount is hard to ignore on a like-for-like revenue basis.
Near Protocol Price Holds Support While Analyst Eyes $7–10 Target
On the 4-hour chart, the RSI reads 56.49 against a signal line of 55.63, which is in the mid-range, neither overbought nor oversold. ATR has compressed to 0.030, a low-volatility reading that typically precedes a directional expansion. Also, volume came in at $198.81 million over 24 hours, down 21.56%, pointing to reduced participation rather than active selling.
Van de Poppe’s daily chart marks the $1.399–$1.410 band as the level to hold for acceleration to begin. Above it, the next resistance zone he has identified sits at $1.951. His near-term NEAR price prediction runs to $3–4, with the price extending to $4–5 in the months following a confirmed breakout.
The longer case runs through Intents CAGR. At a conservative 50–100% annualized growth rate, daily volume reaches $100–150 million by the end of 2026, closing in on the deflationary threshold. By 2027, $200–300 million daily flips NEAR net deflationary. On that trajectory, Van de Poppe puts $7–10 within 12 months as a defensible target.
