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NEAR 
ZEC The NEAR agreement broke through the US$2.50 mark, driving prices higher
As Bitcoin (BTC) and Ethereum (ETH) prices slightly fell back to the US$78,000 and US$2,400 range, the cryptocurrency market seems to have another light weekend. Investors are waiting and seeing: Is this a normal correction in the weekend market or a short break after the recent surge? In this context, the NEAR agreement successfully exceeded the US$2.50 mark with new trading volume and is close to completing the construction of a "rising wedge" shape. In the future, will NEAR prices continue to rise, or will they experience a slight decline?
NEAR broke through US$2.50, and trading volume increased significantly.
According to data from CoinMarketCap, NEAR's current trading price is US$2.47, an increase of more than 5.5% in the past 24 hours. It is worth noting that in the recent trading day, NEAR prices once rebounded to the US$2.60 range, and then slightly fell back to around US$2.40, indicating that their highest increase in the past day reached more than 7.5%.
The focus of the market is: Will NEAR's price continue its upward trend, or will this brief retracement cause it to fall further? Judging from relevant market analysis, the chart shows that the NEAR price broke through US$2.50 and recovered US$2.60, and then fell back to the current US$2.40 range. Analysts pointed out that this sudden price surge was mainly due to the admission of new funds. At that time, NEAR prices fluctuated around US$2.53, with an intraday increase of about 9%, reaching a high of US$2.55, and successfully broke through the price consolidation range from the end of August to the beginning of September.
Altcoins emerge from the "rising wedge" pattern
Market analysis further pointed out that NEAR's buying performance was strong, not only handling a large number of ZEC (zero-knowledge proof token) flows, but also showing that the Venice project uses NEAR AI Cloud for private reasoning is running, and chain abstraction technology has crossed 50 million historical operation milestones. There is a view that traders are viewing NEAR as the underlying infrastructure in the fields of private computing and artificial intelligence transactions. Does this trend indicate that NEAR's future prospects are good, or is prices about to face a downward risk?
Currently, the sudden price increase has prompted many experts to predict that NEAR may undergo a correction in the short term. This expectation is mainly based on a possible "rising wedge" pattern on the NEAR price chart. As analysts have pointed out, NEAR does show the characteristics of an upward wedge. Currently, NEAR prices are re-testing the $2.50 resistance level, while buyers are still actively defending the uptrend line support.
In addition, the analysis emphasizes that momentum is accumulating as the patterns on the NEAR price chart gradually converge. This means that a clean break above $2.50 could trigger the next wave of expansion, while the potential target price below the chart is near $1.90. Despite expectations of a short-term correction, the market remains healthy bullish on NEAR's performance in the coming weeks and even months.
