NEAR eyes $3 comeback as AI narrative fuels golden cross setup
NEAR Protocol has extended its rally above $2 as traders watch a potential golden cross formation that could determine whether the token has enough momentum to reclaim the $3 level for the first time in months. According to data from CoinGecko, NEAR Protocol (NEAR) has climbed over 70% from its monthly low. At the time of writing, the token was up nearly 22% in the past 24 hours and over 57% in the past 30 days.
What’s behind the rally? While Bitcoin (BTC) and Ethereum (ETH) remained rangebound amid fresh concerns over US inflation and Federal Reserve policy uncertainty, speculative capital rotated heavily into artificial intelligence-linked crypto assets after Nvidia reported stronger-than-expected quarterly earnings. 3 billion in profits, while CEO Jensen Huang said “Agentic AI has arrived” during the company’s earnings call.
The results reignited demand across decentralized AI infrastructure tokens, with NEAR emerging as one of the strongest performers due to its growing association with AI-focused blockchain infrastructure. 72. CoinGlass data showed open interest climbing more than 63% to roughly $629 million as funding rates turned strongly positive.
4 million in bearish positions were wiped out within four hours as forced buybacks added further upside pressure. Protocol-level developments also supported sentiment. 13 is expected to add post-quantum cryptographic signing and automated dynamic resharding through NEAR Intents.
Additional support came from ecosystem expansion and tokenomics changes. 5%. According to ecosystem data shared by the project, total value locked on the network has climbed more than 120% year over year alongside a 40% increase in developer activity.
Golden cross setup puts $3 back in focus On the daily timeframe, NEAR has broken decisively above a descending resistance trendline that had capped price action since late January. NEAR/USD 1-Day price chart. Source: TradingView.
18 shown on the daily chart. At the same time, the 50-day moving average has continued rising sharply toward the 200-day moving average, placing the market close to confirming a golden cross. Historically, traders often view that crossover as a longer-term bullish reversal signal, particularly after extended consolidation periods.
Volume has also expanded aggressively during the breakout phase. The latest daily candles closed near their highs with relatively small upper wicks, a structure that usually signals sustained buying pressure rather than immediate exhaustion. 23, suggesting capital inflows have continued supporting the move despite overheated momentum conditions.
From a technical perspective, NEAR now appears to be entering an area where liquidation-driven volatility could intensify further. 40. NEAR 24-hour liquidation heatmap.
Source: Coinglass. 60. Beyond that, the psychological $3 level has started coming back into focus for traders watching the golden cross setup develop.
The chart shows NEAR approaching price zones not seen consistently since the earlier AI-token rally correction. 90 to $3 range if buying pressure remains intact. Still, signs of overheating continue building underneath the rally.
20 occurred with very little support formation in between, leaving the token vulnerable to sharp volatility if momentum slows. Elevated funding rates and crowded long positioning also increase the risk of liquidation cascades on the downside if buyers fail to maintain control above the breakout region. The post NEAR eyes $3 comeback as AI narrative fuels golden cross setup appeared first on Invezz
