NEAR Protocol Price Breaks Multi-Year Bearish Trend Amid Rising AI Narrative—How High Can it Go?
The post NEAR Protocol Price Breaks Multi-Year Bearish Trend Amid Rising AI Narrative—How High Can it Go? appeared first on Coinpedia Fintech News After remaining trapped within a prolonged bearish structure, the NEAR Protocol price has stayed elevated since rebounding from lows near $0.95 in February. Following a sustained ascending trend, the token has now broken above the interim resistance at $1.90 and, more importantly, the multi-year descending trendline. NEAR has surged over 20% in the past 24 hours to trade around $2.10, while trading volume has nearly doubled. The latest weekly breakout attempt is now testing this macro resistance for the first time since the 2024 cycle top. The move comes as the AI narrative regains traction, open interest climbs, and ecosystem activity improves—but can NEAR sustain the breakout and rally toward the next major resistance zone? NEAR Price Breaks Out of Multi-Year Bearish Structure The NEAR price has remained trapped inside a bearish descending parallel channel since December 2024. The recent breakout has helped the price break this bearish structure, elevating the price to $2.17 for the first time this year. The bulls seem to have been dominating the rally, and hence, the price is believed to maintain a strong ascending trend