Unlike typical crypto conferences heavy on promises and light on delivery, NEAR arrived with tangible products and a defined narrative: AI-native infrastructure for the next internet.
First came the “Super App” vision. NEAR officially launched Near.com, described as an AI-integrated super app that merges decentralized identity with a private, autonomous agent framework.
In simple terms, it positions users to control their data while deploying AI agents that act on their behalf.
The project noted that the development aims to redefine how users interact with AI in a decentralized environment.
Following the move, the 4-hour chart shows that NEAR’s price has completed a textbook cup-and-handle breakout.
After a prolonged downtrend, the price bottomed out at roughly $0.95-$1.20, forming a “cup.”
The pullback labeled as the “handle” respected the $1 support zone and held above prior lows.
As seen below, the altcoin has now broken above the upper resistance zone and accelerated toward $1.42, confirming the breakout.
The strong push through resistance also suggests trapped sellers above $1.20 were forced to cover.
Furthermore, the Chaikin Money Flow (CMF) is notably positive at 0.38, signaling strong capital inflow during the breakout.
Soa, as long as NEAR’s price holds above the former resistance zone around $1.20 on pullbacks, the breakout structure remains intact. A sustained hold above that level opens the door for continuation toward the $1.60 region next.
However, failure to hold above $1.18 would weaken the pattern and suggest a false breakout.
What Else Is Happening
However, the Super App was not the only announcement at NEARCON 2026, as the project also disclosed some infrastructural changes.
From CCN’s findings, NEAR unveiled IronClaw, a privacy-first iteration of its OpenClaw framework, alongside a Confidential GPU Marketplace.
These tools allow enterprises to rent distributed computing power for AI training without exposing sensitive data. That’s critical. As AI demand surges, so does the need for secure, scalable compute.
Apart from that, Illia Polosukhin, NEAR’s co-founder and one of the original authors of the “Transformer” paper that powers ChatGPT, reinforced the protocol’s ambition to build an “open AI economy.”
Unrealized Losses, Low Selling Pressure
From an on-chain perspective, Glassnode data shows that NEAR is trading below its realized price, indicating the average holder is in an unrealized loss.
Historically, when an asset trades below its realized price for a sustained period, it reflects capitulation pressure and weak sentiment.
The downward-sloping realized price (blue line) shows that the aggregate cost basis of holders has been declining over time, likely because coins have been changing hands at lower prices.
Meanwhile, the persistent red MVRV readings indicate that most participants are underwater. In previous cycles, extended sub-1 MVRV phases have often aligned with accumulation zones.
However, the altcoin has to reclaim its realized price and move above an MVRV of 1 to validate the thesis.
What Next for NEAR’s Price: Another 45% Rally?
Technically, NEAR’s price is showing a clear trend shift after breaching the upper trendline of a falling wedge on the daily timeframe.
Previously, the price dropped nearly 70% from the highs. That downtrend has now been broken to the upside, and NEAR is pushing aggressively higher from the $0.85 support
As it stands, the next major upside level sits near the 0.382 retracement around $1.80, with the 0.5 level near $2.09 acting as a broader medium-term target.
The highlighted prediction toward roughly $2.09 reflects a potential 40–45% upside from current levels.
Meanwhile, momentum is supporting the move. As seen below, the Moving Average Convergence Divergence (MACD) has crossed bullish, showing increasing positive momentum.
It’s the same with the Supertrend indicator, whose green line is below NEAR’s price.
Therefore, as long as NEAR holds above the former breakdown area near $1.20, the structure favors an extended rally
However, a rejection back below that region would weaken the breakout and suggest a fakeout. But for now, the daily chart signals early-stage recovery rather than a dead-cat bounce.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
