NEAR Price Surges as Confidential Perpetual Trading Launches

Near Protocol's (NEAR) price has surged by 28.6% in a day, pushing above its short- and medium-term moving averages.

The asset currently trades at $3.501, with a total value locked (TVL) exceeding $70 million, triggering the NEAR@3.33 milestone airdrop and increased user participation.

The launch of Hyperliquid-powered confidential perpetual trading has expanded use cases and boosted trading activity across retail and institutional segments.

The technical analysis suggests that NEAR trades in a bullish structure with a projected range of $3.215 to $3.6767, but overbought indicators suggest possible near-term retracement.