NEAR rebounds 20%, eyes 40% rally as June upgrade nears

• NEAR outpaces major cryptocurrencies with a 20% surge, led by strong technical recovery and investor optimism
• Anticipation builds around June’s dynamic resharding upgrade, driving forecasts of an additional 25–40% upside

NEAR Protocol’s native token rebounded 20% in 24 hours to $2.75 on June 2, 2026, powering past a sluggish broader crypto market and outperforming peers like Bitcoin and Ether. The move drew attention as NEAR climbed from its historical support zone between $0.90 and $1.10—the same level that previously preceded massive 2,375% and 900% rallies in 2021 and 2024, respectively. This technical rebound reignited bullish sentiment among traders watching for pattern-based momentum.

With NEAR breaking above strong resistance at $2.61–$2.72, analysts highlighted new upside targets of $3.40 to $3.77—another 25% to 40% jump—if momentum holds. That said, the weekly relative strength index (RSI) hovered near 68, suggesting NEAR was edging into overheated territory and potentially at risk of a pullback or short-term consolidation if it fails to maintain gains above resistance.

Investor focus has shifted to NEAR Protocol’s ongoing advances in artificial intelligence, privacy technology, and cross-chain solutions, but the spotlight now is on June’s upcoming network upgrade introducing dynamic resharding. This key improvement is expected to boost scalability and throughput, serving as a fresh catalyst for NEAR’s price action. Analysts point to these developments as major reasons behind NEAR’s continued outperformance versus other leading tokens.

Should bullish momentum continue and the dynamic resharding upgrade deliver as promised, NEAR may reach the $3.40–$3.77 target range within June. If not, failure to break resistance could lead to a retreat to the $2.00 support zone, based on technical forecasts.

As of June 2, 2026, 19:09 UTC, NEAR Protocol (NEAR) trades at $2.55, down 2.45% for the session, according to the latest market data.