Fluctuations hit NEAR as institutional investments boost long-term sentiment
The NEAR token, a popular digital asset, has seen a surge in price, reaching a high of $2.678 on August 12. However, the prices between $2.630 to $2.635 have acted as key support for the token, and the rebound was supported by heavy trading volume.
Despite the rebound, the NEAR token has struggled to break through the resistance near $2.73. This resistance level has served as a barrier in the past, with prices $2.675 to $2.680 serving as strong resistance. The rebound occurred within a range of $2.57 to $2.73, representing an 8% increase from the previous high.
The recent price action shows the NEAR token has surged to this resistance level multiple times but has struggled to break through, indicating cautious profit-taking at these highs driven by institutional inflows totaling $10.1 million and broader U.S. crypto adoption policies. The trading volume increased significantly during these rallies, evidencing strong interest but also a market hesitancy to push beyond $2.73 immediately.
Looking at the near-term price forecasts, analysts expect NEAR to hover between $2.53 and $2.65 during August 2025 with a potential peak around $2.65. In September 2025, prices could reach as high as $3.04 but may dip to $2.88, averaging around $2.96, suggesting a possible breakout above resistance if bullish momentum continues. Longer term, into November 2025, forecasts indicate a more stable range between $2.71 and $2.79, implying consolidation near and just above the current resistance levels.
Technical sentiment is neutral, with a 14-day RSI around 62, suggesting neither overbought nor oversold conditions, and a 50-day simple moving average (SMA) lower than the current price (about $2.34), supporting a mild bullish trend.
Tokenomics changes are also influential: a planned reduction in NEAR’s inflation rate from 5% to 2.5% set for late Q3 2025 aims to reduce selling pressure from staking rewards, potentially increasing scarcity and supporting upward price movement. This deflationary shift, coupled with ecosystem growth milestones like high cross-chain swap volume and new staking products, strengthens the fundamentals behind NEAR’s value proposition.
However, broader market conditions remain a significant variable: Bitcoin dominance remains high (~58%), and leverage in derivatives markets indicates ongoing volatility risks that could limit aggressive NEAR price appreciation.
In summary, NEAR's current trend shows cautious bullish momentum contained by resistance at $2.73, supported by fundamentals and upcoming tokenomics improvements, with potential to break higher if sustained buying interest continues beyond late 2025. Traders should watch for a decisive move above $2.73 as a signal of stronger upward continuation, while a drop below $2.63 could signal short-term weakness or consolidation.
| Aspect | Current/Expected Range | Implication | |-----------------------|-----------------------------------------|------------------------------------| | Resistance Level | ~$2.73 | Key barrier for upside | | Support Level | $2.63–$2.635 | Strong base preventing downside | | Short-term Price Range (Aug 2025) | $2.53–$2.65 | Sideways to mild bullish trend | | Mid-term Price Potential (Sep-Nov 2025) | $2.71–$3.04 | Possible breakout if momentum sustains | | Technical Indicators | RSI ~62 (neutral), SMA50 @ $2.34 | Mild bullish trend | | Tokenomics Impact | Inflation reduction to 2.5% (Q3 2025) | Supports scarcity, long-term holding | | Market Factors | High BTC dominance, altcoin season not fully active | Potential volatility, cautious sentiment |
Sources: [1] CoinDesk [2] Glassnode [4] NEAR Foundation [5] Cointelegraph
- The recent surge in the price of the NEAR token has sparked discussions about U.S. crypto adoption policies and their potential impact on the token's future.
- Despite the rebound, the current crypto policy landscape continues to influence the NEAR token's struggle to break through the key resistance level at $2.73.
