Can NEAR break resistance after quantum-safe features upgrade?

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NEAR jumps 6.76% after network upgrade

Highlights

NEAR Protocol's mainnet upgrade introduces quantum-safe signing, enhancing long-term security and institutional appeal against future quantum computing threats.
Dynamic resharding in the upgrade boosts NEAR's scalability, increasing its ability to handle growing transaction volumes and diverse applications.
Price action remains bullish with NEAR trading at $2.036, supported by strong momentum signals and an expected short-term range of $1.985 to $2.122.

Security and scalability upgraded as mainnet integrates quantum-safe protocols

NEAR Protocol's recent mainnet network upgrade 2.13, which introduced quantum-safe signing using the NIST-approved FIPS-204 (ML-DSA) scheme, strengthens the blockchain's cryptographic defenses against future quantum computing risks, according to PR Newswire. This direct enhancement to security can boost institutional confidence and attract more developer activity by ensuring long-term asset protection. Additionally, as Cryptotimes reported, the integration of dynamic resharding in the upgrade expands scalability, making NEAR more adaptable to future transaction volumes and diverse applications.

Upward momentum intensifies as overbought signals emerge near support

On the technical front, Ticker trades above the MA-20 and MA-50 on the hourly chart and remains above the MA-200 on the daily timeframe. The Ichimoku Kijun level at $1.97 serves as immediate support. Momentum remains robust: both MACD and ADX signal a Buy, while Bull/Bear Power is tilted toward buyers. However, overbought conditions are highlighted by the RSI, CCI, and Stochastic RSI, signaling that the asset is experiencing strong upward momentum but may be vulnerable to short-term exhaustion. The Awesome Oscillator also validates the prevailing bullish bias.

Consolidation expected as volatility guides near-term price risks

For the upcoming 2–3 sessions, the anticipated price range for NEAR is $1.98 to $2.12, with a 79% probability of an upward move prevailing. A baseline scenario calls for price consolidation within this range amid ongoing volatility. If resistance is breached convincingly, a continued rally could materialize. On the flip side, if sellers push NEAR below immediate support, a short-lived bearish correction may develop.

Anton Kharitonov, analyst at Traders Union, sees NEAR's technical setup supported by fresh upgrades, but remains wary. He notes that while institutional sentiment could improve with the new quantum-safe features, the asset now looks overbought on multiple momentum indicators. Cautious positioning is suggested given the risk of short-term exhaustion. "Until we see NEAR consolidate above immediate resistance, I treat this move as a volatility spike rather than a sustained breakout."

Earlier, analysts noted that NEAR faced persistent downside risks amid technical weakness and oversold conditions. The current reversal in momentum, coupled with positive network upgrades, signals a shifting trend that makes sustained bullish activity and potential breakouts the key developments to watch in the sessions ahead.

Source of Data: NEAR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.