NEAR Extends Gains Following Rally, with $3.00 Resistance in Sight

NEAR Builds Momentum, Eyes $3.00 Breakout as Altcoin Sentiment Rises

NEAR Protocol continued its strong performance on Wednesday, gaining over 5% as it pushed through key resistance at $2.72. The move comes as altcoins across the board see renewed interest, driven by a shift in capital from Bitcoin into higher-growth assets.

The rally places NEAR among the week’s top performers, supported by technical strength and broader bullish sentiment. A decisive move above the $3.00 level would open the door to a potential run toward $3.32, the next major resistance.

Investor optimism is also being fueled by a resurgence in the AI-focused crypto sector, which climbed to a market cap of $33.64 billion after a 6.61% intraday gain, adding further momentum to tokens like NEAR.

Key Technical Highlights:

• Daily Price Range: NEAR traded between $2.64 and $2.83, a 7% swing on the day.
• Session High: The asset reached its peak at $2.83 after a steady climb from $2.74 earlier in the day.
• Volume: Activity surged to 4.4 million units, signaling strong conviction behind the rally.
• Support Zone: Buyers consistently entered the market between $2.67 and $2.69, reinforcing a strong base.
• Resistance Levels: Initial resistance around $2.81–$2.83 was tested late in the session, with price action breaking through multiple levels.
• Closing Price: NEAR finished the day at $2.79, up 5% from its open.
• Late-Session Strength: Momentum intensified in the final hour, with over 100,000 units traded as NEAR cleared resistance at $2.78, $2.79, and $2.80.

With altcoin momentum building and NEAR holding above key technical levels, bulls appear poised for a breakout if the broader trend continues. All eyes now turn to the $3.00 mark.