Near Protocol (NEAR) Soars 80% Weekly — Can It Hit $5 Soon?

Key Highlights

• NEAR token jumped approximately 80% over a seven-day period, reaching $4.29 by Monday
• NEAR Intents platform accumulated $29.3 billion in total volume, adding $842 million in the last week
• Total value locked in NEAR Intents surpassed $207 million, though real-time data later indicated approximately $189 million
• The protocol introduced confidential perpetual futures capabilities through Hyperliquid partnership
• Bitcoin’s climb past $86,000 created positive momentum across altcoin markets, benefiting NEAR

The native cryptocurrency of Near Protocol delivered one of its most impressive weekly rallies in recent months, climbing nearly 80% across seven days to reach approximately $4.29 by Monday, data from CoinGecko shows. This performance significantly outpaced the overall cryptocurrency market, which saw roughly 6% growth during the same timeframe.

The token’s ascent from approximately $2.20 in preceding weeks saw NEAR break through a multiyear descending trendline and successfully reclaim the critical $3.50 resistance threshold. At press time, the 24-hour price movement showed gains of roughly 22%.

The wider crypto ecosystem received a boost as Bitcoin surpassed $86,000 — marking its strongest level since January — which elevated overall market confidence. Ethereum advanced beyond $2,760 while XRP approached $1.50. The aggregate cryptocurrency market capitalization touched approximately $2.93 trillion. Contributing factors included spot Bitcoin ETF capital inflows and forced liquidations of short positions across multiple assets.

NEAR Intents Platform Sees Major Volume and TVL Expansion

The NEAR Intents platform, which enables users to initiate cross-chain swap requests that market makers compete to execute, achieved $29.3 billion in total accumulated volume. The platform processed $842 million in transactions during the past week alone.

Total value locked within NEAR Intents reportedly exceeded $207 million, although subsequent real-time data from DefiLlama positioned the figure nearer to $189 million, highlighting the fluctuating nature of deposited assets.

According to Bitwise research analyst Camran Khosravi, Near and Zcash function as “complements,” with Near providing ZEC token holders access to confidential cross-chain infrastructure and enhanced liquidity pathways. Khosravi additionally observed that NEAR Intents’ TVL can experience growth when the value of ZEC tokens already within the protocol appreciates, independent of new capital deposits.

Privacy-centric Zcash wallet ZODL emerged as the third-largest volume referral source on NEAR Intents during a recent 24-hour measurement period, facilitating approximately $3.8 million across 458 separate transactions. One notable ZEC swap valued at roughly $613,000 represented among the largest individual transactions processed.

Enhanced Privacy Capabilities and Token Incentive Initiative

Last Thursday, Near Protocol broadened its privacy functionality, establishing confidential deposits and withdrawals as the default setting for perpetual futures trading on near.com. This enhancement obscures the connection between a user’s funding wallet and their Hyperliquid trading account.

Confidential total value locked on near.com exceeded $70 million, activating the initial snapshot within the NEAR@3.33 incentive structure. This program distributed 333,333 milestone tokens that unlock and convert to NEAR tokens when the three-day volume-weighted average price reaches or exceeds $3.33.

Cryptocurrency analyst River Of Neurons commented on X that NEAR “staged a powerful vertical rally, gaining roughly 92% from its local accumulation range,” temporarily testing a local high at $4.45. The analyst emphasized that trading volume validated “aggressive interest from large funds and whales” and stressed that maintaining the $4 threshold is essential for sustained upward momentum.

Immediate resistance zones are positioned between $4.20 and $4.40. The daily Relative Strength Index recently exceeded 63, nearing overbought conditions, while the MACD indicator continues displaying bullish signals. Key support levels are established at $3.80–$3.90 and the prior breakout area of $3.30–$3.50.