Near Protocol coin is up 29% today: here’s why the NEAR price is rising

• AI developments helped push NEAR Protocol trading volume over $1 billion.
• The price of NEAR coin broke above a multi-year bearish trendline.
• Eyes are now on the support at $2.20 and the resistance at $2.30 for the next move.

NEAR Protocol surged nearly 29% in the last 24 hours, making it one of the strongest-performing large-cap cryptocurrencies in the market today.

The rally pushed the token to around $2.26 after trading as low as $1.73 earlier in the day.

NEAR’s trading activity also climbed sharply, with daily volume approaching $1 billion as momentum accelerated across major exchanges.

The reason why the Near Protocol coin price is rising

One of the biggest drivers behind the latest Near Protocol price jump is the growing interest in AI-focused blockchain projects.

NEAR Protocol has increasingly been associated with ...