NEAR Price Soars on Upgrade, But Technical Indicators Suggest Pause

NEAR Protocol's price has surged around 18% over the past week, reaching $1.90 and testing key resistance levels.

The recent gains are driven by the upgrade in core blockchain features, which continues to drive positive sentiment among buyers.

However, technical indicators suggest that NEAR may be due for a pause or correction as momentum has become stretched.

Overbought signals on the chart, including a CCI reading of 151.3807 and an RSI in overbought territory, indicate potential selling pressure.

The upgrade to parallel transaction processing on August 19, 2026, is expected to boost scalability, speed, and efficiency for cross-chain and AI-driven applications.