NEAR Protocol Surges Amid Adoption and Institutional Support: Price Analysis and Outlook

Rongchai Wang Jul 15, 2025 03:51

NEAR Protocol reached 46M monthly active users, gained institutional traction, and maintained bullish momentum despite volatility. Discover the latest price insights and forecast.

1. Executive Summary

NEAR Protocol has emerged as one of the most dynamic Layer 1 blockchains, recently hitting 46 million monthly active users. With institutional support from Grayscale and Bitwise, along with significant advancements in scalability, NEAR is positioned for long-term growth. Despite short-term volatility, the blockchain's technical indicators suggest underlying bullish momentum, setting the stage for potential price gains in the coming weeks.

2. Recent Market Developments

NEAR Protocol has witnessed significant activity over the past week, driven by adoption, institutional interest, and market dynamics:

• July 11: NEAR's user adoption surged to 46 million monthly active users, cementing its position as the second most-used Layer 1 blockchain. This growth highlights its increasing relevance in the blockchain ecosystem.
• July 9: Grayscale added NEAR to its Decentralized AI Fund during its quarterly rebalancing, allocating 28.41%. The announcement sparked a 5% rally, reflecting strong institutional confidence.
• July 9: Bitwise launched a NEAR Staking ETP on Deutsche Börse Xetra, offering integrated staking benefits. The token rose 7.6% after the announcement, driven by increased interest from European investors.
• July 9: NEAR's founder, Bowen Wang, revealed the protocol’s goal of achieving 1 million transactions per second (TPS), emphasizing its scalability and suitability for AI-driven applications.
• July 15: NEAR's price increased 0.63%, reaching Rs 221.06, reflecting steady market sentiment despite recent volatility.

These events collectively underscore NEAR's growing adoption and institutional backing, which are critical factors for its long-term success.

3. Technical Analysis

As of July 15, 2025, NEAR Protocol's price stands at $2.52, experiencing a 4.33% decline over the past 24 hours. However, technical indicators reveal a weak bullish trend, with potential for upside movement:

• Moving Averages:

  • SMA7 ($2.50) and EMA12 ($2.41) are above the SMA_20 ($2.28), signaling short-term bullish momentum.
  • The SMA_200 ($3.08) remains a distant target, reflecting long-term recovery potential.

• Momentum Indicators:

  • RSI(14): 59.73, indicating moderate bullish momentum.
  • MACD: Positive histogram (0.0487) suggests continued upward trend potential.
  • Stochastic Oscillator: %K (73.93) and %D (79.65) indicate the price is nearing overbought territory.

• Bollinger Bands:

  • Current price near the upper band ($2.63) reflects bullish sentiment, with a %B of 0.8478 suggesting limited room for immediate upside.

• Key Levels:

  • Resistance 1: $2.70
  • Support 1: $2.02
  • Pivot: $2.57

4. Trading Strategy and Signals

Traders should monitor $2.70 as a critical resistance level. A breakout above this level could pave the way for a rally toward $2.99 and potentially $3.50 in the medium term. However, failure to maintain support at $2.02 could lead to a retest of $1.90, the 52-week low.

• Short-Term Strategy:
  Look for buying opportunities near $2.49-$2.52, targeting $2.70 with a tight stop-loss at $2.40.

• Long-Term Strategy:
  Accumulate NEAR on dips, particularly if prices approach the $2.02-$1.90 range. The protocol’s strong fundamentals and ecosystem growth make it a promising asset for long-term investors.

5. Price Predictions and Outlook

Given NEAR's recent developments, the following scenarios are likely:

• Bullish Case: A sustained breakout above $2.70 could lead to a rally toward $3.50, driven by institutional support and increasing user adoption.
• Bearish Case: If selling pressure intensifies, NEAR could retest support at $2.02, with $1.90 as a critical floor.

The protocol’s roadmap, including its 1 million TPS goal, suggests strong long-term potential, particularly as AI and blockchain integration gain traction.

6. Risk Analysis

While NEAR shows promising growth, traders should consider the following risks:

• Market Volatility: NEAR’s price remains susceptible to broader crypto market fluctuations.
• Institutional Dependence: Heavy reliance on institutional adoption could magnify downside risks if sentiment shifts.
• Scalability Challenges: Achieving the ambitious 1 million TPS target will be critical to sustaining its competitive edge.

7. Conclusion

NEAR Protocol’s strong ecosystem growth, institutional backing, and scalability advancements position it as a leading contender in the blockchain space. While short-term volatility persists, the technical indicators and market developments suggest a bullish outlook. Traders and investors should remain cautious yet optimistic, considering both the opportunities and risks associated with this high-potential asset.

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