NEAR Protocol price breaks key support as bearish pressure mounts

The NEAR Protocol token fell below its 20‑day, 100‑day and 200‑day exponential moving averages, slipping to around $1.62. The breakdown of these support levels signals a shift from buying to selling momentum, with the next technical support identified near $1.50‑$1.55 and a further decline possible to $1.30 if the trend continues.

Despite the downside, some analysts see a potential bullish reversal. Integration of NEAR Intents into the Stargate cross‑chain liquidity protocol, powered by LayerZero, is expected to boost liquidity and swap efficiency across blockchains. This development has led to a price target of $3, with the view that a bounce from current support could trigger a new upward phase.