NEAR Price May Rally 45% Amid Ongoing AI Crypto Resurge

NEAR Protocol (NEAR) rose more than 5% to around $2 on Tuesday as traders rotated back into cryptocurrencies associated with artificial intelligence.

The rebound came alongside an 83% increase in NEAR’s daily trading volume, indicating stronger market participation behind the move. NEAR has gained about 5.8% over the past 30 days, though its weekly performance remains nearly flat.

Still, the latest recovery has pushed NEAR back above its short-term exponential moving averages. The token is now testing a technical resistance area near $2.03, with a successful breakout potentially opening the door to a much larger rally.

NEAR Falling Wedge Targets $2.82

NEAR’s daily chart shows the token breaking out of a falling wedge pattern that has developed since late May.

A falling wedge forms when the price declines between two converging downward-sloping trendlines. The structure typically resolves to the upside once buyers push the price above the upper trendline.

NEAR appears to have crossed above the wedge’s resistance near $1.95–$2.00 However, bulls still need a decisive daily close above the 0.236 Fibonacci retracement level near $2.03 to confirm the breakout.

A confirmed move above $2.03 could send NEAR toward its next Fibonacci resistance levels at $2.18, $2.30, and $2.43. A full wedge breakout would put the late-May high near $2.82 in focus, representing an approximately 45% increase from current prices.

NEAR has also reclaimed its 20-day (green) and 50-day (red) exponential moving averages near $1.95–$1.96.

Meanwhile, its daily relative strength index (RSI) has recovered to around 52, suggesting improving momentum without entering overbought territory above the 70 mark.

The bullish scenario could weaken if NEAR falls back below the wedge and loses the $1.78–$1.81 support zone, which includes the 200-day EMA (blue).

AI Crypto Market Is Outperforming

NEAR’s breakout attempt comes as several major AI-related cryptocurrencies outperform the broader market.

Over the past seven days, Bittensor’s TAO has gained 5.5%, RENDER has risen 6.1%, and the Artificial Superintelligence Alliance’s FET has advanced 4.6%. In comparison, the overall cryptocurrency market has declined by approximately 1.4% during the same period.

The monthly divergence is stronger. TAO has gained 27.1%, FET 24%, Render 15.2%, Virtuals Protocol 16.2%, and Kaito nearly 47.5%.

Continued capital rotation into AI-linked tokens could therefore support NEAR’s falling-wedge breakout and strengthen the case for a rally toward $2.82.