How much will it cost in June?

NEAR, the AI- and privacy-focused protocol NEAR, has been outpacing the broader crypto market in recent weeks, outperforming top coins like Bitcoin (BTC) and Ether (ETH).

As of Tuesday, NEAR traded as high as $2.75, marking a nearly 20% rebound over the past 24 hours. In comparison, the crypto market capitalization decreased by 3.7% during the same period.

NEAR/USD four-hour chart. Source: TradingView

Main Receptors:

NEAR raises its price range to $3.77 from a multi-year bottom zone. Fundamentals remain supportive, with NEAR Intents operating at $19.69 billion in volume and generating $32.64 million in payouts.

Fractal targets near 40% price gains

The NEAR weekly chart shows the token recovering from its long-term bottom near $0.90–$1.10, a zone that preceded its major rallies in 2021 and 2024.

In the year The 2021 rebound produced a 2,375% gain from the bottom area, while the 2024 rebound produced a 900% rally before the top. In each case, the rally weakened at NEAR downtrend line resistance.

NEAR/USD weekly chart. Source: TradingView

The current composition is smaller but structurally similar. As of Tuesday, NEAR had rallied 225% after bottoming out around $0.90–$1.10 in February and was nearing resistance to a multi-year downtrend line.

The main supported target comes in the $3.40–$3.77 range, which is in line with the NEAR 200-week exponential moving average (200-week EMA, blue line) and the 0.382 Fibonacci retracement level.

That represents roughly 25%–40% growth from current prices.

Related: Proximity Protocol Leads AI Token Rally With 50% Pump: Is $5 The Next Price?

Conversely, NEAR faces strong resistance around $2.61–$2.72, with the range coinciding with the 100-week EMA (purple) and 0.236 Fib line.

NEAR/USD weekly chart. Source: TradingView

Failure to decisively breach this level could result in a retracement to the 5o-week EMA around $2, which is about a 30% drop from the current price. Also, the NEAR weekly Relative Strength Index (RSI) is nearing 68, momentum is strong but nearing overheated territory.

A move above 70 puts it in recently overbought territory, increasing the chances of a short-term consolidation or a return to $2.

Near the ends, June will support the bully issue

NEAR's fundamentals back up.

Investor sentiment has improved around the protocol's push for AI, privacy and cross-chain infrastructure.

This includes NEAR Intents, a cross-chain transaction system that allows users to move assets across the blockchain without manual handling of bridges or decentralized liquidity.

The production grossed $19.69 billion in content and generated nearly $32.64 million in fees, according to Defillama data.

Near Intents TVL, payouts, earnings and DEX volumes. Source: Defillama

The energy issue has been reinforced ahead of NAR's expected June network update, which is slated to introduce dynamic resharing.

The feature is designed to automatically increase network capacity as demand increases, without requiring users or developers to manage the underlying infrastructure.

BitMEX co-founder Arthur Hayes predicted that NEAR's value would grow 20x in the long term.