NEAR Protocol (NEAR), a layer-1 blockchain built around sharding-based scalability and developer accessibility, is approaching a pivotal technical juncture as bullish momentum accumulates near key resistance levels, while traders remain watchful for a potential price reversal. At the same time, NEAR Intents, Aurora, and Solflare are pushing forward multichain wallet infrastructure designed to simplify cross-chain transactions and enhance interoperability across the broader Web3 ecosystem.

At the time of writing, NEAR is trading at $1.60, with a 24-hour trading volume of $147.51 million and a market capitalization of $2.09 billion. The token has recorded a 2% decline over the past 24 hours, though its price structure and ongoing network expansion suggest the potential for a bullish reversal.

NEAR Price Eyes $1.92 as Bullish Momentum Builds

According to crypto analyst Umair Orakzai, NEAR is attempting to test its 200-day Simple Moving Average (SMA), widely regarded as one of the most significant indicators in trend-based technical analysis strategies. The 200-day SMA is closely watched by traders as a dividing line between long-term bullish and bearish sentiment; assets trading above it are generally considered to be in a long-term uptrend, while sustained breaks below often signal further downside.

Support levels are identified at approximately $1.244 and $1.444, while resistance sits at $1.78 and $1.92. Although a recent bullish candle appeared on the chart, it could potentially be a bull trap rather than a confirmed breakout.

A downward break below the 200-day moving average could trigger additional selling pressure, particularly if traders begin exiting bullish positions. If support levels fail to hold, NEAR could retest $1.444 and potentially $1.244. Conversely, a move back above $1.78 and then $1.92 would strengthen the bullish case.

NEAR Intents Explores Next Era of Multichain Wallets

Separately, NEAR Protocol highlighted that NEAR Intents, Aurora, and Solflare are collaborating on the next phase of interoperability, focusing on wallets, cross-chain funding, and improved user experience. Aurora is an Ethereum Virtual Machine-compatible layer built on NEAR that enables developers to port Ethereum decentralized applications with minimal changes, while Solflare is a non-custodial wallet widely used across the Solana ecosystem. The initiative aims to let users move assets across chains without technical friction, which could also simplify the use of decentralized applications.

NEAR Intents 🤝 Aurora 🤝 Solflare

Live now talking wallets, cross-chain funding, and what the future holds.

— NEAR Protocol (@NEARProtocol) August 10, 2026

NEAR Intents 🤝 Aurora 🤝 Solflare

Live now talking wallets, cross-chain funding, and what the future holds.

The partnership emerges amid growing demand for infrastructure capable of connecting fragmented blockchain networks and their liquidity. Cross-chain bridges and interoperability protocols have become a competitive frontier in Web3, with multiple ecosystems — including Cosmos, Polkadot, and LayerZero — pursuing different architectural approaches to the same problem. As multichain adoption rises, wallets may evolve beyond simple asset storage into comprehensive hubs for cross-chain services. NEAR Intents, Aurora, and Solflare are exploring how expanded funding and transaction capabilities could drive this transformation.

Broader Market Context

Despite bullish price projections and network expansion, NEAR's price is currently trending downward. This movement aligns with the broader crypto market trend, as Bitcoin's price has also started to decline, exerting downward pressure on altcoins across the board.

NEAR is now being tested at the 200-day SMA, a level that may confirm the direction of the next significant move. A breakout above $1.78 could open the path toward $1.92, while a failure to break through could send the price down to $1.444 or even $1.244. On the fundamental side, continued development of multichain infrastructure may enhance network utility over time, though the extent to which infrastructure updates translate into token demand remains an open question that market participants continue to debate.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.