Near Leads AI Token Rally With 50% Surge as $5 Price Target Emerges
Cointelegraph
NEAR Protocol surged 50% weekly, driven by AI sector momentum, network upgrades, and bullish sentiment fueled by Nvidia's strong revenue forecasts.Summary
NEAR Protocol (NEAR) has experienced a significant market rally, climbing 50% over the past week to reach six-month highs. This growth, accompanied by a 190% increase in trading volume, is attributed to strategic network upgrades focused on AI and privacy, alongside the broader success of the AI-themed crypto sector. Investor optimism is further bolstered by positive market signals from Nvidia. Technical analysis suggests that having broken out of a multi-year wedge pattern, NEAR could potentially target $5.75 if it successfully clears current resistance levels between $2.60 and $3.
(Source：Cointelegraph)