Lately, I’ve been pretty blown away by how NEAR is moving. It feels like just yesterday it was stuck in a long sideways range, and now it’s constantly pulling off surprises. If you look at the news, there are two main things fueling this fire right now.
First, the AI narrative is getting louder. We all know the founder, Illia Polosukhin, is one of the brains behind the legendary Attention Is All You Need paper. So, it makes total sense that the market sees NEAR not just as another chain, but as the go to home for future AI infrastructure. Second, market sentiment is slowly getting better as geopolitical tensions ease up. This is giving traders the confidence to jump back into assets that actually have solid fundamentals and are shipping real features, instead of just chasing empty hype.
Honestly, I don’t think this pump is just fomo. When I dig into the data, it’s clear there’s serious activity happening in the ecosystem, especially when it comes to cross chain stuff and intents. NEAR is making a big shift from being a basic payment chain to a much more advanced ecosystem focused on B2A (business to agent) and chain abstraction. This is the kind of tech that I think will have a huge impact on crypto in the long run.
Looking under the hood to see what is actually happening
If you look at the on chain data, things are definitely heating up. The liquidation numbers hitting $11.52M in just the last 24 hours show that traders are fighting hard for positions amid all this volatility.
When it comes to volume, the buying interest is consistent. Just check out the volume heatmap below, you can clearly see the heavy buying activity coming from the major exchanges.
Technically speaking, NEAR is pushing hard to break through resistance after bouncing off a strong support zone. This area is the make or break point for the next move whether we keep flying or need a breather to cool off.
If you want to read a deeper dive from someone who’s actually deep in this ecosystem, check out this great analysis by 