Near Protocol Price Breaks Above $3.00
Near Protocol (NEAR) has risen above the $3.00 level amid a volatile crypto market. The token is showing strong bullish momentum. Traders expect the price to move toward the next resistance at $3.80. This rise comes despite a general decline in other cryptocurrencies.
Near Protocol Focuses on AI Agent Infrastructure
Near Protocol is positioning itself as a key player in the AI and blockchain space. It calls itself “the blockchain of AI.” The platform has created Shade Agents, which are autonomous bots that interact with blockchains while keeping data private.
Alex Shevchenko, former NEAR product manager and current CEO of Aurora Labs, said, “The traditional financial system is not suited for AI agents, so there is a high chance that crypto would enable the AI economy. Another use case is AI research.”
Ethereum is also supporting AI development. It recently formed a team to build a decentralized AI stack. Davide Crapis, AI lead at the Ethereum Foundation, said, “Ethereum makes AI more trustworthy, and AI makes Ethereum more useful.”
Technical Outlook: NEAR Shows Bullish Signs
NEAR bulls remain in control, though the price pulled back from a high of $3.34 on Friday. The recent breakout followed the US Federal Reserve’s 25-basis-point interest rate cut to 4.00%-4.25%. Interest in the AI economy also helped boost NEAR.
The MACD indicator has shown a buy signal since September 8. The 50-day EMA at $2.64 is close to crossing above the 100-day EMA at $2.62, forming a Golden Cross. This pattern suggests stronger bullish momentum and could push NEAR toward $3.38.
However, the Relative Strength Index (RSI) is at 72, indicating the token is overbought. This could lead to a short-term pullback. Traders should watch for possible corrections to the 200-day EMA at $2.86, the 50-day EMA at $2.64, and the 100-day EMA at $2.62.
