NEAR Price Rally Accelerates After NEAR Intents Drive 15% Jump To $2.8

NEAR’s price rally gained momentum as cross-chain product activity fueled a further 15% jump, with the NEAR token climbing 15% over 24 hours to $2.8.

“NEAR price rally gains momentum as cross-chain product activity fuels further 15% jump The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees”

@coindesk

CoinDesk said the rally is fueled by NEAR Intents, a cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.

@coindesk

The CoinDesk report also tied the move to investors anticipating a June network upgrade introducing dynamic resharding, described as automatically splitting network shards to improve scalability.

CoinDesk added that NEAR Intents lets users request a desired outcome, such as swapping USDC on Ethereum for SOL on Solana, while third-party solvers execute the transaction behind the scenes.

CoinDesk reported that the rally accelerated after BitMEX co-founder Arthur Hayes described NEAR, Hyperliquid’s HYPE and ZEC as crypto’s "holy trinity" in a post on social media.

In the same CoinDesk account, Hayes also suggested there’s a "long way to go" in its rally.

CoinDesk

The CoinDesk piece said NEAR gained about 30% as traders rotated back into tokens tied to artificial intelligence and blockchain infrastructure earlier in the month, while institutional demand has been growing.

CoinDesk further stated that the Bitwise NEAR Staking ETP listed in Europe has grown to roughly $40 million in assets under management after seeing $7 million in inflows in a single week.

Cryptopolitan framed NEAR price forecasts for 2026 around a maximum price of $2.65 by the end of 2026, with a maximum of $6.74 by 2029 and a maximum of $11.25 or more by 2032.

Cryptopolitan also provided a snapshot of market data, including a listed price of $2.27(+30%), a market cap of $1.15 billion, and a 24h trading volume of $159.87 million.

In its technical analysis, Cryptopolitan cited a Fear & Greed Index of 32.05 (Fear) and said the 14-day RSI sits at 72.39.

Cryptopolitan warned that at 84.99 there appears little room for further upside on the daily charts, adding that its strongly bearish signal suggests buyers are running out of leverage and that a retrace, or even consolidation, is likely.