NEAR Protocol's Resilience and Recovery
The NEAR Protocol ($NEAR) has demonstrated significant resilience, bouncing back to $2.97 as of November 9, 2025. This recovery follows a substantial crash on October 10 that impacted the broader cryptocurrency market. CryptoBullet highlighted this comeback in a recent X post, noting that the token has fully regained its footing and is exhibiting a bullish chart pattern that suggests potential for continued growth.
The chart displays a clear engulfing pattern observed after the crash, emphasizing the strength of $NEAR. Despite a sharp dip during a $9 billion liquidation event, the token has since surpassed its pre-crash price levels. This recovery is seen as a strong indicator of the project's inherent strength and its increasing adoption within the market.
Intents Protocol Drives Significant Cross-Chain Trading Volume
A key factor contributing to this resurgence is NEAR's innovative Intents protocol. This protocol is designed to simplify cross-chain transactions, making them more accessible for both traders and AI agents. By facilitating seamless interactions across various blockchains, including Zcash, Solana, and Ethereum, the Intents protocol has successfully driven on-chain trading volume to exceed $4 billion.
Furthermore, a recent reduction in the network's inflation rate to 2.5% has positively impacted the token economics, thereby boosting investor confidence. The NEAR ecosystem has also seen a substantial increase in monthly active addresses, reaching 42.3 million, which reflects strong user engagement despite previous price volatility.
Positive Outlook and Market Expectations for NEAR
Analysts are expressing optimism regarding NEAR's future performance. The current price point of $2.97, combined with strong fundamental indicators, suggests that $NEAR could potentially target higher resistance levels, possibly breaking through $3.27 if current momentum is sustained. However, a degree of caution is advised, as some investors anticipate a potential consolidation phase if the support level at $2 is challenged.
For the immediate future, the rally appears to be gaining traction, driven by ongoing technological advancements and the growth of its community. As NEAR continues its development, it is positioning itself as a notable contender in the dynamic cryptocurrency landscape.