The post NEAR Protocol Bounces Back Above $2.70 as Strategic Partnership Sparks 9% Rally (NEAR) appeared on BitcoinEthereumNews.com.

Tony Kim
Jul 31, 2025 05:54

NEAR trades at $2.70 after rebounding from $2.59 lows, driven by Everclear partnership announcement targeting trillion-dollar cross-chain settlement market.

Quick Take • NEAR currently trading at $2.70 (-0.52% in 24h) • NEAR RSI at 51.58 signals neutral momentum with room for upward movement • Strategic partnership with Everclear drove 9% intraday recovery from recent lows What’s Driving NEAR Protocol Price Today? NEAR Protocol’s recent price action has been dominated by the announcement of a strategic partnership with Everclear, revealed on July 24th. This collaboration focuses on developing cross-chain stablecoin settlement infrastructure, targeting the massive $1 trillion digital asset clearing market. The partnership announcement triggered strong institutional buying, pushing NEAR price from a low of $2.59 to $2.81 in a single session – representing a notable 9% intraday swing. The market’s positive response to this development reflects investor confidence in NEAR Protocol’s expanding ecosystem and its potential to capture value in the growing cross-chain infrastructure space. This partnership positions NEAR as a key player in facilitating seamless stablecoin settlements across different blockchain networks, addressing a critical need in the decentralized finance sector. NEAR Technical Analysis: Mixed Signals Emerge NEAR Protocol technical analysis reveals a cryptocurrency in transition, with several indicators pointing to potential upward momentum despite recent consolidation. NEAR’s RSI stands at 51.58, placing it firmly in neutral territory and suggesting room for movement in either direction without being overbought or oversold. The moving average structure presents an interesting picture for NEAR Protocol. While the token trades below its 7-day SMA at $2.79 and 20-day SMA at $2.78, it maintains a strong position above the crucial 50-day SMA at $2.43. This configuration suggests that while short-term momentum has cooled, the medium-term trend remains intact. NEAR’s MACD indicator…

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Filed under: News - @ August 1, 2025 11:29 am