NEAR Jumps 20% to $2.75 as June Rally Targets 40% Upside

• NEAR surges 20% to $2.75, bucking wider crypto losses with revived bullish momentum
• Technical and fundamental signals point to further upside, but resistance and risk of pullback loom

On June 2, 2026 (UTC), CoinDesk reported that NEAR Protocol’s native token, NEAR, surged nearly 20% in 24 hours despite a broader cryptocurrency market decline, reaching as high as $2.75. Traders are watching NEAR closely as it rebounds from its $0.90–$1.10 historical support zone—a level that previously triggered major rallies in 2021 and 2024.

Cointelegraph analysis notes that NEAR’s technical rebound is reviving bullish momentum, with past support-based moves leading to gains of 2,375% and 900% in previous cycles. For June 2026, technical upside targets range from $3.40 to $3.77—representing a 25%–40% jump from NEAR’s current price. These targets are tied to NEAR’s 200-week EMA and the 0.382 Fibonacci retracement level, pointing to key resistance ahead.

Investor confidence is rising on NEAR’s upcoming network upgrade that features dynamic resharding. NEAR Intents, the protocol’s cross-chain infrastructure tool, has processed $19.7 billion in volume and generated about $32.6 million in fees, underscoring real-world adoption.

Still, NEAR faces resistance in the $2.61–$2.72 area. Technical indicators, including a weekly RSI at 68, signal that the token may be entering an overbought zone. If NEAR fails to break this resistance, technical analysis suggests a possible pullback toward the $2 mark.

As of June 2, 2026, 20:09 UTC, NEAR Protocol (NEAR) trades at $2.664 with a 2.857% change, according to CoinMarketCap.