NEAR Protocol Upgrade Triggers Technical Buy Signal Amid Bearish Market

NEAR Protocol has launched a post‑quantum signing scheme approved by NIST and introduced dynamic resharding, making it one of the first blockchains to deploy these technologies in production. The upgrade, announced on 20 July, aims to enable automatic scaling and support an AI‑native settlement layer.

Technical analysis following the upgrade shows a TD Sequential buy signal on the 4‑hour chart. The token has fallen about 13.5 % from a recent high of $2.06 to around $1.85, with the $1.80 level identified as key support and $2.10 as the next resistance. Trading volume has dipped but shows signs of easing selling pressure. Analysts note that while the long‑term AI and chain‑abstraction narrative remains strong, the short‑term price outlook stays bearish unless the token rebounds above $1.90.

Overall, NEAR’s price action reflects broader market pessimism, with a modest rise in daily volume offset by continued downside momentum. The combination of a cutting‑edge upgrade and a tentative technical buy signal keeps trader interest focused on the token’s near‑term movements.