NEAR Price Prediction: Can Near Protocol Reclaim $2.15 as Traders Spot Oversold Conditions?

Near Protocol is trading around $1.96, and that number has created two very different camps in the market. Some investors see a token that remains more than 90% below its all-time high and view it as another altcoin struggling to recover.  

Others see a project that has delivered multiple explosive rallies in previous cycles and believe the next major move could begin from similar levels. 

That debate picked up again after traders pointed out that NEAR has historically produced gains of 600%, 1,160%, 1,200%, and even 3,200% from past accumulation phases. The question now is whether the network can create enough demand to support another expansion cycle.

The NEAR price is still far from its peak

We had a look at the NEAR weekly chart shared by PnLZero, and the scale of the decline is hard to miss. During its strongest cycle, NEAR traded between roughly $26 and $28. At today's price near $1.96, the token remains about 92% to 93% below those highs. 

That kind of drawdown explains why many traders remain skeptical despite ongoing development across the ecosystem. The chart also shows that previous recovery attempts failed to hold. NEAR managed to climb back toward the $16-$18 region during its last rebound phase, but sellers eventually regained control and pushed the market lower.

For bulls, the argument is simple. The token has already shown it can move aggressively once momentum returns. For bears, the concern is that those rallies have not translated into lasting growth.

NEAR short-term charts show selling pressure may be cooling

We had a look at the NEAR 4-hour chart, and the short-term picture shows a market that may be stretched to the downside.  The NEAR price is trading at $1.96 compared with the 100-period simple moving average at $2.15. That leaves the price about 9% below one of the key resistance levels traders are monitoring.

4-Hour NEAR chart analysis

One indicator drawing attention is the Relative Strength Index. The 4-hour RSI has moved to 29.80, putting it in the oversold condition. While an RSI under 30 doesn’t necessarily mean a reversal will take place, it is usually indicative of an overdone sell-off action. 

Daily NEAR chart analysis

Resistance is seen at $2.15, with subsequent Fibonacci resistance levels at $2.51 and $2.86. Support is visible at $1.65 and $1.53. From the daily chart perspective, it looks a little more evenly balanced. The NEAR price trades above the daily 100-period moving average at $1.68, meaning that support is intact on the longer time frame currently. Daily RSI is at 43.64.

NEAR network activity continues to lag

One area where NEAR faces a challenge is on-chain activity. Glassnode data shows active addresses running in the hundreds, a fraction of what larger blockchain networks process daily. Transfer activity has also weakened, falling from around 905 transactions to nearly zero during the measured period.

Those numbers matter because network usage is often one of the clearest indicators of demand. More users, more transactions, and more applications generally create stronger fundamentals for a blockchain ecosystem.

At the moment, the data shows participation remains relatively low, which makes it harder for the NEAR price to build sustained upside momentum.

NEAR is betting heavily on AI infrastructure

The strongest part of the bullish case revolves around artificial intelligence. NEAR has repositioned itself as infrastructure for the AI economy, focusing on products designed to support AI-powered transactions and cross-chain interactions.

Its Intents protocol has already processed more than $19 billion in volume. The goal is to simplify transactions across different blockchains and create an environment where AI agents can interact and transact more efficiently.

The network is also introducing privacy-focused tools, including confidential payment systems designed for future AI applications.

This strategy has attracted attention because successful AI adoption could create entirely new sources of demand. If developers and businesses begin using these tools at scale, network activity could look very different from what it does today.

Tokenomics are moving in a better direction

Another development helping support the NEAR price is the network's evolving tokenomics. The Halving Upgrade reduced maximum annual inflation to 2.5% in late 2025. On top of that, protocol revenues are now being directed into token buybacks through the Intents fee switch.

Community figures indicate the network is burning tokens at roughly twice the rate of inflation. Revenue reached approximately $15.6 million during the first four months of 2026. That combination creates a more supportive supply structure. Lower inflation reduces new token issuance, and buybacks introduce steady demand tied directly to network activity.

What comes next for the NEAR price?

The NEAR price remains stuck between future potential and present-day reality. From a technical standpoint, we see oversold signals at lower timeframes, and the support levels remain valid on the daily timeframe. 

However, on the flip side, the on-chain activity is relatively low, with active addresses and transfers not meeting the investor expectations.The good news is that NEAR continues moving ahead with its AI vision, the volume of Intents transactions is over $19 billion, and the tokenomics are improving due to lower inflation and buybacks.

CoinCodex’s 1-month NEAR price prediction points to $1.94, indicating a largely neutral outlook from current levels as traders watch whether NEAR can defend key support and improve network activity.

The next major test for NEAR is whether adoption can start catching up with the narrative. If network activity begins to improve and the NEAR price can reclaim resistance near $2.15, sentiment could improve quickly. Until then, the market remains focused on one question: can NEAR turn ambitious AI plans into measurable growth?