$2.20 NEAR, are you buying or not?

Whales swept up over $50 million in just three days, AI narrative directly ignited the market, surging 28% in 24 hours, 45% in 7 days— but just now, RSI has already soared to 81, buying sentiment is burning through. Is this wave the start of the AI main upward trend, or are the big players dumping on Nvidia’s earnings report?

First look at the surface: violent surge, unreasonable.

In the past 24 hours, it jumped from 1.73 straight to 2.29, trading volume broke $1 billion, market cap back to $2.9 billion. The multi-year downtrend line was pierced by a large bullish candle, 1.90 changed from a ceiling to a floor, MA5-MA200 all crossed bullish, a bull return, quickly back on track.

First thing: AI narrative isn’t just storytelling, it’s actually being implemented.

Nvidia’s earnings beat expectations, the entire AI sector is crazy. NEAR is being regarded by the market as “AI Agent execution layer,” even big mouths like Arthur Hayes are coming out to endorse.

- NEAR Intents has integrated with CoW Swap, and expanded to Solana

- AI Assistant + chain abstraction, allowing cross-chain operations with just one account

- End of June, a post-quantum signature testnet will launch, TEE technology enables AI Agents to securely hold assets

Second thing: chain abstraction + fee buyback, forming structural buying.

NEAR’s Nightshade sharding expanded from 6 to 8 shards, throughput increased by 33%, block time 600 milliseconds. But more importantly: 100% of Intents fees are used to buy NEAR.

Third thing: a classic technical signal appears.

Breaking through multi-year downtrend + volume tripled + stabilizing above 1.90. Historically, this pattern appeared once in 2021, and afterward, it surged tenfold.

RSI has already hit 81, indicating severe short-term overbought conditions. The 2.30-2.50 zone is a dense accumulation area from earlier, with significant selling pressure.

One side:

- AI narrative + chain abstraction + privacy computing, the strongest logic combo

- Intents fee buyback, structural buying

- Technical breakout of multi-year bottom, targets 2.80 → 3.25 → 5+

- Nvidia-driven AI risk appetite still spreading

Other side:

- RSI 81, short-term overbought, could retrace at any time

- Pure narrative-driven rally, cooling off after news realization

- If BTC pulls back, NEAR won’t be immune

- Large accumulation zones at 2.30-2.50 waiting to be unlocked

Key level: 2.20, just broken through but not yet stabilized.

Resistance above: 2.30-2.50 → 2.80 → 3.25

Support below: 2.00-1.90 (former resistance now support) → 1.73 (the starting point of this rally)

Short-term traders:

Wait for a pullback to 2.00-1.95 to buy, stop-loss at 1.85, first target 2.50, second target 2.80. If volume breaks above 2.30, consider chasing.

Swing traders:

Already in, take partial profits at 2.30-2.50, reduce holdings by 30-50%, lock in gains. Hold the rest, buy more on dips. If not in, wait for around 2.00 to enter.

Long-term believers:

At 2.20, it’s not expensive for AI + chain abstraction sector. DCA + staking, hold for 6-12 months, target 5+. As long as you truly believe AI Agents will be the next bull market main theme.

NEAR now is like SOL at the end of 2023—

Everyone’s saying “just hype concepts again,” but it rose from 20 to 200.

On the day it breaks through 2.20, you’ll realize: it’s not that NEAR can’t do it, it’s that you’re always waiting for a retracement. #TradFi交易分享挑战 #灰度购入超51万HYPE并质押 $BTC $ETH $NEAR