Protocol NEAR experiences a 5% boost, fueled by an increase in trading activity
NEAR Protocol, a leading cryptocurrency, experienced a significant 5.04% price increase in the past 23 hours, reaching a high of $2.38 during the period from July 9 at 4:00 PM to July 10 at 3:00 PM. This price rise aligns with a broader market analysis that suggests moderate to strong upside potential for the cryptocurrency in both the short and medium term.
The trading volume during peak hours exceeded the daily average, reaching 4.63 million units, marking a 14.4% increase over the revised daily average. This substantial increase in trading volume indicates strong market interest and momentum in the immediate term.
The bullish sentiment among sophisticated investors remains a positive outlook for NEAR Protocol. Following institutional profit-taking, strategic buying occurred, suggesting continued bullish sentiment among these investors. However, late-session volatility on July 10 demonstrated institutional profit-taking patterns, with the closing price of NEAR Protocol revised to $2.33, slightly lower than the previously reported $2.34.
Price forecasts for July 2025 vary slightly by source but generally predict NEAR to trade between approximately $2.00 and $2.80, with average prices around $2.18 to $2.53. Some analysts project a potential short-term rally reaching up to $3.50, assuming bullish market conditions and technical breaks above key moving averages.
Longer-term outlooks for 2025 are mixed but positive overall; the minimum expected price hovers near $1.90 to $2.00, while the average price is seen around $2.75 to $3.46, and the maximum could range from $4.66 up to $9.00 depending on adoption rates, macroeconomic trends, and crypto market recovery.
Beyond 2025, price predictions indicate strong growth potential. Some forecasts estimate a rise to between $11 and $15 by 2026 and ambitious targets approaching $14 to $15+ by 2030, reflecting confidence in NEAR’s technological developments such as Chain Signatures supporting EdDSA signing.
The fundamental sentiment is buoyed by ongoing improvements in the protocol’s features and increased network adoption, which support the technical optimism reflected in price forecasts. The ongoing technical support for NEAR Protocol has been revised to $2.28.
In summary, NEAR Protocol’s recent price increase is aligned with broader market analysis that sees moderate to strong upside potential in both the short and medium term, driven by technological advancements and market dynamics, albeit with the usual risks of volatility inherent to cryptocurrencies.
- Given the ongoing technological advancements and the bullish sentiment among sophisticated investors, there seems to be a considerable potential for investing in NEAR Protocol in the short and medium term.
- The rise in trading volume, exceeding the daily average, signifies a strong interest and momentum in technology-centric investments like NEAR Protocol, indicating a promising outlook for future financing opportunities in this sector.
