Share this article
NEAR Extends Rally After Bullish Breakout, Targeting $3.00 Resistance
NEAR continues its ascent after a bullish breakout as investors anticipate "altcoin season."
Jul 17, 2025, 2:07 p.m.
Make us preferred on Google
What to know:
- NEAR surged above $2.72 resistance, confirming a bullish breakout as it eyes the $3.00 level, supported by strong volume and sustained upward momentum.
- Altcoin and AI market strength fueled gains, with capital rotation from BTC and the AI sector reaching a $33.64B valuation on a 6.61% intraday rise.
- Key technicals highlight support at $2.67-$2.69 and resistance at $2.81-$2.83, with NEAR closing at $2.79 after a 5% daily gain and robust trading activity.
NEAR cemented itself as one of the best performing altcoins this week, confirming a bullish breakout above the $2.72 level of resistance as it continues its ascent to $3.00.
The move comes across wider altcoin market strength as capital rotates from BTC to more speculative bets like NEAR.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
THE AI sector is also outperforming other sectors, rising to a $33.64 billion market valuation with 6.61% intraday appreciation.
If NEAR can break above $3.00 it would initially target $3.32 as the last line of resistance before a parabolic move to the upside.
Primary Technical Metrics
- NEAR operated within a comprehensive range of $0.19 (7% of the opening price) spanning from a floor of $2.64 to a ceiling of $2.83.
- The digital asset experienced an early rally to $2.74 by 16:00, subsequently maintaining upward trajectory to achieve the session's pinnacle of $2.83 on 17 July at 10:00.
- Robust volume activity reaching 4.40 million units reinforced the price advancement.
- Critical support levels crystallized within the $2.67-$2.69 corridor where the price discovered consistent buying momentum across multiple instances.
- Resistance barriers formed near the $2.81-$2.83 territory where distribution pressure gained traction.
- The trading period finalized at $2.79, marking a substantial 5% advancement from the initial price point.
- Volume increases surpassing 100,000 units materialized during the concluding recovery phase at 12:30.
- Successive resistance barriers were penetrated at $2.78, $2.79, and $2.80 throughout the final hour.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
