NEAR Protocol Upgrades Fail to Halt Short-Term Profit-Taking Activity

• • Micro market structure indicates a failure to maintain high-level areas, paving the way for secondary downward consolidation.
• • Despite the network launching fundamental upgrades and new privacy integrations, price response is suppressed by macro technical weakness.

The NEAR Protocol ecosystem is currently amidst a dilemma between fundamental utility strengthening and speculative technical structural weakness. Recently, the network executed the v2.13.0 mainnet upgrade integrating quantum-resistant security and launched cross-chain private routing features on Aurora. NEAR also eliminated developer gas fee rebates to transition into a pure deflationary economic mechanism. Despite this strong long-term sentiment, the price failed to capitalize on the momentum due to supply dominance from technical traders prioritizing position closures at critical resistance. Graphically, the one-hour timeframe illustrates the price's failure at $1.978 (Rp35684) to breach the daily supply ceiling. Given the absence of buying liquidity robust enough to break the hurdle block, price action is projected to be dragged down to test the initial buffer at the $1.9 (Rp34277) level over the next 3 days. Should macro altcoin sentiment worsen, a deeper decline will sweep the local demand zone at $1.857 (Rp33501).

A delayed positive response to token supply shrinkage could theoretically trigger an abrupt bounce. This downward thesis is automatically invalidated if the price manages to surge above the $2.01 (Rp36262) resistance.