• NEAR value rose greater than 20% to a excessive of $2.34.
• This rise comes as a number of altcoins rise regardless of the continued downturn within the crypto market.
• By reclaiming the $2 mark, bulls might goal $4.6 for one more 100% rally.

The NEAR Protocol’s native token has soared 24% prior to now 24 hours, breaking a persistent barrier of resistance and reigniting investor enthusiasm amid widespread cryptocurrency volatility.

NEAR is at the moment buying and selling at $2.27, simply off its intraday excessive of $2.34, which marked its highest since mid-October.

The good points point out a possible shift in sentiment as a number of tokens together with Tezos (XTZ) eye bounce.

In the present day’s NEAR value

NEAR’s bullish efficiency has propelled the token from a low of $1.83 to a brand new excessive of $2.34 over the previous three days.

Costs are barely off the intraday peak, however market knowledge signifies aggressive shopping for.

The day by day buying and selling quantity of the token elevated by greater than 300% to $753 million, based on knowledge from CoinMarketCap.

It is a key indicator of bulls’ confidence and is the first indicator behind the NEAR value breakout.

Ostensibly, this transfer permits the bulls to definitively clear the psychological resistance at $2.00 and goal new momentum.

This outlook might obtain additional tailwinds from parallel developments within the privateness house.

That is very true in a market the place Zcash (ZEC) has exploded almost 700% over the previous month, bringing renewed consideration to defend buying and selling and nameless DeFi.

Zcash’s return is intently tied to NEAR’s revolutionary Intents protocol, a cross-chain coordination layer that simplifies advanced swaps whereas defending consumer privateness.

Privateness is coming quickly

Be part of us stay as Gainzy (@gainzy222), Mart (@0xMert_), Ilia (@ilblackdragon) and Kane (@kaiynne) Talk about the way forward for monetary privateness 👇 https://t.co/w8eJomauhl

— NEAR Protocol (@NEARProtocol) November 5, 2025

Zcash’s official Zashi pockets deepens its integration with NEAR Intents, enabling seamless on-ramp and off-ramp of shielded ZEC conversions from belongings equivalent to BTC, SOL, and USDC.

For NEAR, this collaboration amplifies Intent’s enchantment as a “blockchain for AI” that not solely streamlines interoperability but additionally incorporates privacy-by-design options.

As Zcash’s shielded pool approaches 30% of its provide, ecosystem tasks like OceanPal inject $120 million into Treasury assist intentions, and NEAR is benefiting from the ripple impact.

Is NEAR value prepared for a 100% rebound?

NEAR’s technical outlook paints a clearly bullish image, with key indicators agreeing on a 100% probability of a rebound in the direction of $4.60 from present ranges.

The Relative Power Index (RSI) on the day by day chart dropped to an oversold studying of 28 on November 4, earlier than surging to 51 and reaching impartial territory.

In the meantime, the Shifting Common Convergence Divergence (MACD) histogram flipped to constructive and the road crossed above the sign.

This implies a doable bullish divergence, just like the one which preceded NEAR’s June-July rally from $1.97 to $3.12.

Buying and selling volumes are already rising, indicating a sustained spike and a breakout above $2.00 on common as an actual factor fairly than a brief pump.

If the value sustains above $2.30, it might set off a breakout.

Nevertheless, draw back threat stays as the value hovers round $2.00.

If the present assist fails to converge, the bears might push the worth of the token nicely beneath the psychological degree.

However, NEAR stands to profit from traction as Zcash’s growth displays demand for safe, intent-based DeFi.