- The price of NEAR cryptocurrency surged more than 20% to a high of $2.34.
- The gain comes amid rallies in several altcoins despite ongoing weakness across the broader crypto market.
- Bulls have reclaimed the $2.00 level and could target $4.60 for a potential 100% rally.
The native token of the NEAR Protocol has rocketed 24% in the past 24 hours, breaking through a persistent resistance level and reigniting investor enthusiasm amid broader crypto volatility.
NEAR is currently trading at $2.27, slightly below the intraday high of $2.34, which marked the highest level since mid-October.
These gains suggest a possible shift in sentiment as a number of tokens bounce back into view, including Tezos (XTZ).
NEAR price today
NEAR’s bullish performance saw the token climb from a recent low of $1.83 to a new high of $2.34 over the past three days.
Although the current price sits a bit under the intraday peak, market data point to strong buying pressure.
According to CoinMarketCap data, the token’s 24-hour trading volume surged over 300% to $753 million.
That spike in volume underscores buyer conviction and is a key metric behind NEAR’s breakout.
Clearly, bulls have reclaimed the psychological $2.00 resistance, allowing them to pursue fresh upside momentum.
This outlook could receive additional support from parallel developments in the privacy sector.
Notably, Zcash (ZEC) has exploded nearly 700% in the past month, refocusing attention on shielded transactions and anonymous DeFi.
Zcash’s resurgence is closely linked to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.
Privacy is NEAR
Join live as Gainzy (@gainzy222), Mert (@0xMert_), Illia (@ilblackdragon) and Kain (@kaiynne) discuss the Future of Financial Privacy 👇 https://t.co/w8eJomauhl
— NEAR Protocol (@NEARProtocol) November 5, 2025
Official Zcash wallet Zashi has deepened its integration with NEAR Intents, enabling seamless shielded conversions and smooth on- and off-ramps for ZEC from assets like BTC, SOL and USDC.
For NEAR, this connection enhances its appeal as a “blockchain for artificial intelligence,” where Intents not only improves interoperability but also embeds privacy features by design.
With Zcash’s shielded pool approaching roughly 30% of its supply, NEAR benefits from spillover demand. Ecosystem projects such as OceanPal have allocated $120 million toward intent-backed initiatives tied to on-chain treasuries.
Is NEAR poised for a 100% rebound?
The technical outlook for NEAR appears decisively bullish, with key indicators aligning toward a potential 100% bounce from current levels targeting $4.60.
The daily Relative Strength Index (RSI) has climbed to 51, entering neutral territory after briefly dipping to oversold levels of 28 on November 4.
Meanwhile, the MACD histogram has flipped positive as the MACD line crossed above the signal line.
Those signals point to a possible bullish divergence akin to the setup that preceded NEAR’s June–July rally from $1.97 to $3.12.
Elevated trading volume, which has already spiked, continues to show sustained interest, indicating the breakout above $2.00 is more likely to stick than to be a fleeting pump.
Sustained trading above $2.30 could trigger further upside and a clearer run toward the next major targets.
NEAR price chart from TradingView
Downside risks remain, however, with the token trading close to $2.00.
If the current support fails to hold, bears could push the token well below that psychological level.
Nonetheless, as Zcash’s rally reflects demand for privacy-focused DeFi, NEAR stands to benefit from the growing traction and increased ecosystem activity.