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2026-07-26 07:32 UTC → 2026-07-29 04:40 UTC ·
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NEAR Protocol token dynamics post‑upgrade breaks support, price slides
The NEAR Protocol’s Since the July 20 mainnet upgrade introduced a NIST‑approved post‑quantum signing scheme and dynamic resharding, aimed at automatic scaling and an AI‑native settlement layer. Following the upgrade, the NEAR’s token fell about 13.5 % from a recent high of $2.06 to roughly $1.85, keeping the price within has hovered in a narrow tight $1.82‑$1.87 band. Technical analysis still shows range, with a TD Sequential buy signal on the 4‑hour chart, echoing earlier indications that a short‑term reversal could occur if buying pressure strengthens. Current key levels are $1.80 support chart and $2.10 resistance, slightly broader than analysts highlighting its AI‑native roadmap. The recent price decline deepens the prior $1.85 support/$1.90 resistance range. Trading volume remains picture: on July 28 the token slipped below recent peaks but shows signs of easing selling pressure, its 20‑day, 100‑day and 200‑day exponential moving averages, trading around $1.62. This breach moves technical support down to roughly $1.50‑$1.55, with daily volume modestly rising despite overall market pessimism. Analysts a further downside risk near $1.30 if selling pressure persists. Despite the bearish momentum, some analysts note that while the broader crypto market stays bearish, NEAR’s long‑term AI and chain‑abstraction narrative remains strong. The combination of cutting‑edge upgrade features integration with the Stargate cross‑chain liquidity protocol—leveraging LayerZero and the tentative technical buy signal continues to focus trader attention on near‑term new NEAR Intents framework—could improve swap efficiency and liquidity. Those views underpin a longer‑term price movements. If target of $3, suggesting a potential bounce if the token can sustain support zone holds. The short‑term outlook therefore pivots: a sustained hold above $1.90, $1.80 would still soften the bearish outlook may soften; bias, but a firm break below $1.80 would challenge $1.55 reinforces the buy‑signal premise recent sell signal and could trigger further downside. accelerate the decline toward lower support levels. Market volume remains modest, and broader crypto sentiment stays negative, keeping NEAR’s technical narrative under close watch. If the token stabilises near the new support band, traders may reinterpret the earlier buy signal as a deeper correction rather than a reversal, while any upward move sparked by the Stargate integration would be closely monitored as a catalyst for a more substantial recovery.