NEAR Price Analysis: $4.8B Swap Volume Meets a Four-Year Trendline Test

The NEAR price approaches a critical technical level as rising protocol revenue and token buybacks add new factors to its market outlook. NEAR is approaching an important level as rising network revenue and AI-related developments give traders more reasons to watch the token. Rekt Capital reported that the NEAR price had rallied 24% after successfully retesting its long-term downtrend line as support. On the monthly chart, the price stands near $5.333, with the candle up 8.5% and $5.978 marking the next resistance level. There is also a boost from network activity.