NEAR Price Sees 80% Weekly Surge as Network Activity Rises

NEAR Protocol's price surged over 80% in seven days, rising from around $2.20 to above $4. The network's total value locked (TVL) is close to $190 million, with decentralized exchange volume reaching about $84.19 million and more than 52,000 active addresses.

The recent launch of confidential perpetual futures powered by Hyperliquid has attracted attention from traders and analysts. These futures allow users to open positions without publicly linking trades to their accounts, providing a level of anonymity in trading.

Cryptoanalyst CryptoBullet believes the larger chart structure resembles a double bottom, with potential targets at $8 and $20. However, if price action holds above the previous resistance area around $3.80-$3.90, it could be a bullish sign for NEAR's future performance.