NEAR Enters Major Bullish Phase, Analysts Predict 1,100% Surge - Crypto News Flash

• NEAR Protocol is entering a major bullish phase after a prolonged bearish cycle.
• The market’s cyclical nature signals a strong upside trend forming for NEAR Protocol in the coming months.

If you thought NEAR Protocol had run out of steam after its early 2024 rally, you might want to think again. A well-respected technical analyst in the crypto community, Master Ananda, recently charted NEAR’s major direction—and his predictions are quite surprising.

The immediate target of $12 is still considered a “warm-up,” as he believes the main target could reach $31 in less than eight months. Yes, the potential profit could reach 1,108%. Crazy? Maybe. But let’s dissect why this analyst is so optimistic.

Source: Master Ananda on TradingViewFrom the main chart he used, we can see that NEAR’s last peak occurred in March 2024, followed by a “lower high” in December. This indicates a prolonged downward pressure, but it also paves the way for the next upward phase.

Ananda believes that the crypto market is highly cyclical. And judging by the recurring patterns of bullish and bearish prices, he believes we are at the beginning of a major growth phase. Like the seasons, now is the time for “spring”—and the market is starting to bloom again.

Highest Target Since 2022 and Medium-Term Optimism

Furthermore, Ananda emphasized that this increase could be more than just a simple bounce. The $12 target, if reached, would be NEAR’s highest price in three years, specifically since May 2022.

However, he cautioned that selling too quickly at this point could be a decision many regret. That’s just the starting point. The next target is set at $18.6, continuing to rise to $25, peaking at US$31. If all goes according to the cycle and rhythm, he estimates these levels could be reached in the next six to eight months.

Interestingly, this analysis doesn’t stand alone. Market sentiment toward NEAR is also strengthening. At the time of writing, NEAR’s price is around $2.53, having gained 18.91% in the last 7 days. Market cap has also surpassed $3 billion. This news could provide additional fuel to continue the upward trend.

NEAR Pushes DeFi Boundaries With Intents and Cross-Chain Swaps

On the other hand, NEAR Protocol isn’t standing still on the development front either. NEAR Mobile, for example, now features major improvements through the integration of Intents technology. For users, this is like having a “personal assistant” that can help swap over 100 assets across chains with just one click, without the hassle of switching chains or worrying about gas fees.

Transactions can be executed in 2–3 seconds, and the volume has now reached around $3.3 million per month. Nearly a million swaps have already occurred, so it’s not just a side feature.

Even more impressive, the app also supports staking, lending, and multichain portfolio management. All packaged in a user-friendly interface, similar to traditional financial applications. This could be one of NEAR’s keys to driving DeFi adoption to mainstream users.

Still on the innovation front, CNF previously reported that the integration of BNB Chain into NEAR Intents also paves the way for instant cross-chain swaps—with no bridging, no slippage, and no waiting time. While other projects are still struggling to resolve inter-network friction, NEAR has already provided a practical, immediately usable solution.

Furthermore, last May, NEAR also introduced the House of Stake—a new approach to blockchain governance that begins to incorporate AI. It includes roles such as assistants, delegates, and even the possibility of an AI CEO. The veNEAR token is used for weighted voting, empowering long-term participation.