NEAR/USDT Price Analysis Bullish Momentum Building Strongly as AI Driven Ecosystem Growth Powers NEAR Protocol Toward Breakout Potential 🚀

NEAR Protocol is trading at $2.71, up 1.27% in the last 24h with a high of $2.769 and low of $2.661. Trading volume stands at 10.99M NEAR ($29.79M USDT) showing solid demand despite broader market corrections.

Technical View: Daily chart highlights a bullish engulfing pattern with green candles dominating. Immediate support sits at MA7 $2.712 and MA25 $2.711, while MA99 $2.572 offers long-term floor. Price has bounced from $2.649 low and is testing $2.889 resistance, opening room for a breakout above $2.90 if volume sustains.

Fundamentals: NEAR’s AI native architecture gives it an edge in the 2025 decentralized app boom. With sharding enabling low fees and high throughput, adoption in Web3 AI agents is accelerating. TVL has risen 2.4% to $160M, fueled by DeFi protocols like Burrow. Market cap is around $3.37B ranking NEAR #35. Analysts see an average of $3.03 in September and potential highs of $5.23 by year end.

Outlook: Short term, consolidation likely between $2.50-$2.80. A close above $2.77 could open the door to $3.26 by October. Long term, strong developer activity (2,500+ active) supports upside targets beyond $10 by 2027. Risks remain from regulatory shifts, but overall trend favors bulls.

Final Word: With Bitcoin stabilizing above $115K, NEAR looks primed to deliver 20%+ returns in this bull cycle. Smart traders may look to accumulate on dips.

#NEAR #NEARProtocol #CryptoAnalysis #BinanceSquare #Altcoins #AIinCrypto $NEAR