NEAR Sees Record ZEC Volume as Bull Cycle Continues
The NEAR protocol has seen significant growth in recent times, processing over $2 billion in ZEC volume through NEAR Intents. This surge in activity is part of a larger uptrend that began at the start of the current bull cycle.
Confidential TVL (Total Value Locked) on the platform now exceeds $65 million, indicating increased user engagement and investment in the protocol. The current price of NEAR sits at $2.31, within the Bollinger Bands, with upper resistance at $2.46 and lower support at $2.16.
The technical indicators are mixed, however. While the EMA50 is anchored at $2.15 and the EMA200 at $1.92, supporting the bullish structure, the MACD has printed a death cross at 0.06, indicating potential bearish momentum. The RSI(14) remains neutral at 56.55, suggesting a measured pullback towards the 50-EMA before any fresh continuation higher.