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NEAR Altcoin NEAR is gaining momentum, and network upgrade synchronization key support level test
NEAR prices are approaching a test of key technical support level. Can NEAR soar this summer?
As Bitcoin prices hover above $62,000 and Ethereum prices stabilize at $1,700, potential crypto assets are still struggling to maintain their bullish momentum. In particular, Ethereum\'s stable performance is seen as a positive sign that altcoin assets may rise in the coming weeks-as Bitcoin\'s dominance is expected to decline.
Network upgrade superimposed support test, NEAR gains new momentum
The native tokens of the NEAR protocol have regained the attention of developers and market analysts after undergoing major network upgrades. The price of the token has also returned to its historically important support area. Although NEAR\'s recent price trend has been relatively flat, analysts believe that the combination of improved ecosystem fundamentals and positive long-term chart patterns, the project is expected to usher in a round of gains if market conditions improve.
One of the most significant recent developments has been the launch of confidential execution capabilities in the NEAR ecosystem. This feature has moved out of testing and is now available to all developers on the network in their applications. Confidential execution can handle sensitive computing tasks while protecting user privacy, and developers believe this ability will drive the further popularity of blockchain in decentralized finance, enterprise applications and artificial intelligence scenarios.
At the same time, NEAR\'s Intents protocol continues to show strong on-chain activity. According to ecological data shared by market observers, NEAR Intention processed approximately US$2.13 billion in conversions in the past 30 days. The protocol has now become the main source of web application revenue, accounting for approximately 90% of all application-level fees on the blockchain.
NEAR is poised to meet the test of key technical support.
Analysts said these data suggest that the utility within the ecosystem is increasing, especially as decentralized applications continue to attract users and the overall cryptocurrency market remains volatile. In addition to improving fundamentals, traders are also paying close attention to NEAR\'s long-term technical structure.
NEAR has once again returned to a price range that has always served as an important accumulation area throughout its trading history. This support area has been tested three times in the past few years, and each time it is touched has been followed by a significant rally. Historical data shows that the first two rallies from the region brought gains of approximately 1,100% each, and the third rally recorded gains of approximately 900%.
Previous performance has sparked market speculation that if buyers can successfully hold on to current support levels, this retest may eventually trigger another wave of sharp gains. However, market observers also warn that historical performance does not guarantee future results. They prefer to view this recurring level of support as evidence that long-term investors continue to accumulate NEAR during periods of weak markets.
