NEAR Protocol Eyes Breakout as AI Hype Builds Momentum

NEAR Protocol holds steady near cycle lows as analysts eye a rebound fueled by growing crypto and AI synergy.

Traders watch NEAR’s tight consolidation range for a breakout, signaling a possible bullish shift after months of decline.

Rising AI-linked momentum and $TAO’s upcoming halving strengthen NEAR’s outlook as investors seek long-term growth potential.

NEAR Protocol is drawing renewed market attention as it hovers near key support levels, signaling a possible turnaround after months of decline. Analysts now point to an accumulation phase forming near the token’s “cycle low,” a zone where major trend reversals often begin. The growing intersection between crypto and artificial intelligence is further boosting sentiment around NEAR, making it one of the most-watched altcoins in late October 2025.

Michaël van de Poppe, founder of New Era Finance, shared his bullish outlook, saying, “$NEAR is a massive opportunity in the markets at these levels. Crypto <> AI is the biggest opportunity that there exists.” He added that once NEAR breaks through the 20-Week Moving Average, “we’re in for a run which could provide a 3-6x against Bitcoin.” The analyst noted that NEAR is currently resting at its cycle low, holding a higher timeframe support level that could trigger a major rebound.

NEAR Consolidates Between Tight Price Levels

According to data from CryptoPulse, NEAR Protocol is consolidating within a rectangular range on the weekly chart, with support at $2.78 and resistance at $3.39. This range has defined the market structure in recent weeks, with traders watching for a breakout or breakdown. Currently, NEAR trades near $2.22, positioning it close to support—a level often viewed as an attractive long entry point.

Besides, trading volume has picked up around this area, showing fresh market participation. Consequently, any move above resistance could shift momentum strongly upward, while a breakdown could extend the previous sell-off. Moreover, the consolidation suggests that buyers and sellers are evenly matched, creating a waiting phase before the next big move.

AI Halving Hype Adds Fuel to Outlook

Van de Poppe also highlighted $TAO’s upcoming halving event in six weeks, expecting rising interest across the broader AI-related crypto sector. Hence, NEAR’s involvement in AI-integrated blockchain projects could attract investors looking for long-term growth exposure. Additionally, NEAR’s technical structure supports the narrative of strength, as the asset continues to hold its higher timeframe support despite prolonged market pressure.

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