Key takeaways
- NEAR rises just under 1%, approaching $1.50.
- The gain comes despite weakness across the broader crypto market.
NEAR Intents integrates with Starknet
NEAR, the native token of the Near Protocol, traded at $1.48 per coin, rising just under 1% over the past 24 hours. This modest uptick came even as the wider cryptocurrency market experienced significant selling pressure.
The token outperformed the broader trend following the integration of NEAR Intents, Near Protocol’s intent-based exchange layer, with Starknet—a ZK execution layer that scales Ethereum—announced on Thursday. This integration brings chain-agnostic intent-based swapping into the Starknet ecosystem.
It also enables users to move seamlessly between Starknet and the wider crypto landscape without relying on bridges or lengthy, multi-step processes.
Built on the NEAR layer-1 blockchain, NEAR Intents allows users to swap assets from roughly 25 supported blockchains directly into Starknet. In addition, users can purchase Starknet’s native token (STRK) using more than 100 tokens, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others.
NEAR targets $1.60 despite bearish market conditions
NEAR/USD’s 4-hour chart shows bearish but orderly price action as the token has added about 1% over the past day. At the time of writing, NEAR traded at $1.48 and could attempt a higher rally in the near term.
The 4-hour Relative Strength Index (RSI) has climbed to 36, indicating modest short-term momentum. If the RSI remains in bearish territory, however, NEAR may struggle to sustain a push toward key resistance around $1.80.
The Moving Average Convergence Divergence (MACD) indicator remains bearish but could flip to a buy signal if the uptrend continues. That signal would appear as the MACD line (blue) crossing above the signal line (red), which could encourage traders to increase exposure.
If the recovery falters, NEAR may retest the $1.45 support level in the coming hours.