Why are Jupiter (JUP) and Near Agreement (NEAR) prices soaring?

The story behind the rising prices of Jupiter and Near Protocol is worth exploring.

The prices of Jupiter (JUP) and Near Protocol (NEAR) are rising, but the driving forces behind them are completely different. JUP rose more than 14% today, while NEAR rose more than 8% in the past two days. Both projects have the latest developments that help explain the market's interest in their tokens. However, the price trend chart presents a more complex picture. Jupiter is approaching key resistance levels that previously prevented it from rebounding, and Near Protocol still needs to break through important technical obstacles before the recovery can stretch further.

The following are details of market movements revealed by project updates and analyst observations.

Jupiter prices rise: Solana trading business expands

Jupiter's growth story begins with its role in the Solana ecosystem. The platform aggregates liquidity, allowing users to find the best trading path between different venues without having to check each trading venue one by one.

@iiam_Akshay believes that as Solana develops, this status will make Jupiter increasingly important. His reasoning is simple and straightforward: Applications that connect users and mobility can become an important part of the ecosystem, as indispensable as the blockchain itself.

This allows the discussion about Jupiter prices to transcend the latest daily rally and have a deeper business perspective. A platform that participates in redemption, lending and other transaction services has multiple potential sources of activity and revenue channels.

@molusol provides several sets of data to support this view:

• Jupiter Lend reports a record total market size of more than $2.5 billion.
• Annualized revenue exceeds US$75 million, of which US$28 million is used for token repurchases.
• The platform operates 17 business verticals, all of which Molu said generate revenue.

Molu also reported that there were no new plans to unlock and that net token emissions were zero. It should be noted that these data are cited by Molu and should be regarded as reporting indicators. "Annualized income" refers to the rate at which the income rate is extended to one year, rather than the actual income in the completed year.

Repurchase data is important because token purchases can create demand for JUP. The report said there were no new plans to unlock and could also reduce potential additional sources of supply. While neither of these factors guarantees an increase in Jupiter's price, they help explain the positive expectations surrounding the token.

Jupiter prices return to the resistance level that triggered a correction

chart provides an immediate test for this growth story. Trader Steve pointed out that JUP returned to its 11-month high for the second time in three weeks. The last time the region was touched, prices fell 15% in one day, so the region has a history of selling pressure.

Although his analysis still describes bullish conditions over multiple time frames, he considers establishing short positions near possible double-top patterns because existing entry points fail to meet his requirements for potential risk-reward ratios. When the price is high before the test and cannot be effectively broken through, the double-top pattern is relevant. The JUP has reached the testing area, but being rejected again is still a possibility rather than a given result.

In addition, Steve also pointed out that although prices on the daily, 12-hour and 15-minute charts were flat with previous highs, the RSI readings were weak. This bearish divergence means there is insufficient momentum to return to resistance in these time frames. However, the evidence is also mixed. He found hidden bullish divergences on the 4-hour chart, which supported the view of recovery.

Negative funding rates add another complexity because short sellers pay fees to maintain their positions. Breakthroughs may force some short positions to liquidate, and these buying actions may accelerate the market's rise. Steve's expiration condition is that the price closes outside its stop loss level above the double top within 12 hours. This will weaken his bearish layout and make successful retests more relevant. As a result, Jupiter prices face a clear question: Can buyers turn previous ceilings into support?

Near Protocol's price rise stems from Robinhood Link and Bitwise research

Near Protocol's recent updates focus on the convenience of cross-chain transactions and infrastructure support for AI activities.

Near Protocol announced the launch of Robinhood Chain via near.com. This integration allows users to exchange ETH and USDG for more than 180 assets on more than 30 chains. The announcement also describes the functions of depositing, withdrawing and paying money from Robinhood Chain.@ RobinhoodCrypto Chain is now available at https://t.co/sryybkS1b8. You can exchange 180+ assets (including ETH and USDG) on 30+ chains. Deposits, withdrawals and payments from Robinhood Chain. No navigation bridges, no new applications are needed. https://t.co/AQmtLpzqa2- NEAR Protocol (@NEARProtocol) October 7, 2026

Its practical benefit is that it reduces the number of operating steps between different blockchain environments. Users can access these features through the same interface without having to manually navigate bridges or open other applications.

At the same time, Matt Hougan and @RasterlyRock released Bitwise research reports. The report examines the role of NEAR in AI proxies, cross-chain transactions, and broader adoption of cryptocurrencies. The report connects two issues: cryptographic applications are more difficult to operate across different networks, and powerful AI systems are still concentrated in the hands of a few providers.

NEAR's infrastructure is designed to make transactions easier for users and automated agents. These developments provide background information for the rise in NEAR prices, although the information provided cannot determine the specific contribution of each update to prices.

Bitwise's new report explains how NEAR built a "fast and cheap enough to accommodate AI-scale commercial settlement engine." Bitwise's interpretation of the NEAR flywheel effect: "Each layer is built to nourish its underlying layers. More AI agents mean more intentions trading, and more intentions trading means more settlements on the NEAR protocol." Key growth indicators are as follows:
Cumulative NEAR Intention transaction volume exceeds US$30 billion
30-day transaction volume exceeds US$4 billion, a year-on-year increase of 896%
30-day revenue exceeds US$2 million, a year-on-year increase of 512%

Bitwise also highlighted the significant growth of NEAR Intention in the late stages of the recent crypto winter and the surge in demand as the market rebounded. Bitwise looks to the future: "If AI agents become the main users of digital infrastructure-as many technical experts expect-and NEAR becomes the level at which they settle transactions, then the value release will be huge."- NEAR Protocol (@ NEAR Protocol) October 7, 2026

NEAR Intention Growth strengthens the argument for online activity

NEAR Protocol's summary of the Bitwise report includes multiple activity indicators:

• Cumulative NEAR Intention transaction volume exceeds US$30 billion.
• The 30-day trading volume exceeded US$4 billion, a year-on-year increase of 896%.
• 30-day revenue exceeded US$2 million, a year-on-year increase of 512%.

Bitwise's core idea is to connect greater AI proxy activity with more intent transactions and more settlements on NEAR. This relationship provides a potential growth path, but transaction volume and token demand are different measures. Increased platform activity does not automatically lead to a proportional increase in NEAR prices.

Near Protocol prices need to exceed US$6 at the weekly level

Giannis Andreou set the next key technology testing range between $5.50 and $6. A snapshot of his chart showed NEAR closed at $5.146 after recovering from about $1. Looking at the NEAR chart described by Andreou, prices are testing downward resistance from previous lows. He hopes to see prices close weekly above the resistance zone and conduct a successful re-test before stronger confirmation of a recovery is obtained.

His initial support area is $4 to $4.60. The next resistance zone is $7.50 to $9, followed by $11 to $12, and $15 to $16. A record high of about $20.44 remains a distant scenario, with several obstacles ahead. A fall below US$4 will weaken the current bullish layout.

FAQs

Can NEAR coins reach US$100?
In theory, NEAR Protocol can reach US$100, but this is a low-probability event that requires a huge market value and a significant reduction in the token supply to achieve.

Can Jupiter coin reach 1 US dollar?
Yes, Jupiter (JUP) can reach $1, but this will need to be supported by a strong crypto market recovery and continued growth of the Solana network.