Solana
NEAR Protocol rebounds past 2.50 dollars amid increases in network revenue and locked value
Stronger on-chain activity and a successful defense of technical support have lifted NEAR Protocol toward key resistance levels.
NEAR Protocol recorded a 10% gain over a 24-hour window, recovering after buyers defended a key demand zone around $2.28. The token subsequently secured a daily close above the $2.50 local high, positioning its price above primary exponential moving averages.
The price advance coincided with monthly highs across network metrics. On-chain data indicates that holder revenue reached a monthly peak of $723,000 on September 9, while total value locked on the network climbed to $197.99 million.
According to the analysis, maintaining price levels above the $2.50 breakout zone could support a move toward the $3.00 resistance level. Conversely, a rejection near current levels could see the asset retreat toward the $2.28 support area.
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