NEAR Eyes $3.77 After Intents Volume and June Upgrade

NEAR traded as high as $2.75 following an approximately 20% rebound over 24 hours while the broader crypto market cap fell about 3.7% in the same period. The price move coincided with heavy activity on NEAR Intents and anticipation of a June network upgrade.

On-chain analytics show NEAR Intents processed $19.69 billion in volume and generated about $32.64 million in fees. NEAR Intents is a cross-chain transaction system that lets users move assets across blockchains without manually handling bridges or fragmented liquidity. The protocol plans a June upgrade to add dynamic resharding, a feature designed to increase network capacity automatically as demand rises.

NEAR found support earlier this year in a long-term bottom zone near $0.90–$1.10. Since bottoming in February, the token has gained roughly 225%. Technical indicators point to an upside range near $3.40–$3.77, levels that align with the 200-week exponential moving average and a 0.382 Fibonacci retracement level, implying about 25%–40% potential upside from current prices.

Traders are watching a nearer resistance band between $2.61 and $2.72, which matches the 100-week EMA and the 0.236 Fibonacci line. Failure to clear that zone could lead to a pullback toward the 50-week EMA near $2, a decline of roughly 30% from current levels. NEAR’s weekly relative strength index is near 68; a move above 70 would place the indicator in overbought territory and raise the likelihood of short-term consolidation or a retreat.

NEAR’s prior recoveries provide historical context. A rebound from the 2021 bottom area produced gains of about 2,375%, and the 2024 recovery delivered roughly 900% before topping out. Market participants are also taking note of public forecasts that project larger long-term price growth for the token.

Data cited here are on-chain figures and technical readings. The report is factual and does not constitute investment advice.