- NEAR price rose more than 20% to a high of $2.34.
- This rise comes as several altcoins rise despite the continued downturn in the crypto market.
- By reclaiming the $2 mark, bulls could target $4.6 for another 100% rally.
The NEAR Protocol’s native token has soared 24% in the past 24 hours, breaking a persistent barrier of resistance and reigniting investor enthusiasm amid widespread cryptocurrency volatility.
NEAR is currently trading at $2.27, just off its intraday high of $2.34, which marked its highest since mid-October.
The gains indicate a potential shift in sentiment as multiple tokens including Tezos (XTZ) eye bounce.
Today’s NEAR price
NEAR’s bullish performance has propelled the token from a low of $1.83 to a new high of $2.34 over the past three days.
Prices are slightly off the intraday peak, but market data indicates aggressive buying.
The daily trading volume of the token increased by more than 300% to $753 million, according to data from CoinMarketCap.
This is a key indicator of bulls’ confidence and is the primary indicator behind the NEAR price breakout.
Ostensibly, this move allows the bulls to definitively clear the psychological resistance at $2.00 and target new momentum.
This outlook could receive further tailwinds from parallel developments in the privacy space.
This is especially true in a market where Zcash (ZEC) has exploded nearly 700% over the past month, bringing renewed attention to shield trading and anonymous DeFi.
Zcash’s return is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while protecting user privacy.
Privacy is coming soon
Join us live as Gainzy (@gainzy222), Mart (@0xMert_), Ilia (@ilblackdragon) and Kane (@kaiynne) Discuss the future of financial privacy 👇
— NEAR Protocol (@NEARProtocol) November 5, 2025
Zcash’s official Zashi wallet deepens its integration with NEAR Intents, enabling seamless on-ramp and off-ramp of shielded ZEC conversions from assets such as BTC, SOL, and USDC.
For NEAR, this collaboration amplifies Intent’s appeal as a “blockchain for AI” that not only streamlines interoperability but also incorporates privacy-by-design features.
As Zcash’s shielded pool approaches 30% of its supply, ecosystem projects like OceanPal inject $120 million into Treasury support intentions, and NEAR is benefiting from the ripple effect.
Is NEAR price ready for a 100% rebound?
NEAR’s technical outlook paints a clearly bullish picture, with key indicators agreeing on a 100% chance of a rebound towards $4.60 from current levels.
The Relative Strength Index (RSI) on the daily chart dropped to an oversold reading of 28 on November 4, before surging to 51 and reaching neutral territory.
Meanwhile, the Moving Average Convergence Divergence (MACD) histogram flipped to positive and the line crossed above the signal.
This suggests a possible bullish divergence, similar to the one that preceded NEAR’s June-July rally from $1.97 to $3.12.
Trading volumes are already rising, indicating a sustained spike and a breakout above $2.00 on average as a real thing rather than a temporary pump.
If the price sustains above $2.30, it could trigger a breakout.
However, downside risk remains as the price hovers around $2.00.
If the current support fails to converge, the bears could push the value of the token well below the psychological level.
Nevertheless, NEAR stands to benefit from traction as Zcash’s boom reflects demand for secure, intent-based DeFi.