NEAR Price Surges 166.67% in 24 Hours Amid Protocol Upgrades

On SEP 2 2025, NEAR rose by 166.67% within 24 hours to reach $2.388, NEAR dropped by 652.26% within 7 days, rose by 50.7% within 1 month, and dropped by 5157.74% within 1 year.

Recent developments in the NEAR ecosystem have ignited renewed interest among investors and developers alike. The network launched a major upgrade to its Nightshade sharding protocol, significantly improving transaction throughput and reducing latency. This update, announced over the weekend, was implemented following months of testing on the testnet. The upgrade is expected to enhance scalability and support the growing number of decentralized applications (dApps) being deployed on the platform.

Additionally, NEAR’s core development team announced the deployment of a new governance token proposal, which aims to streamline community decision-making processes. The proposal includes a revised voting system designed to reduce spam and improve the transparency of on-chain governance. Analysts project that these changes could lower entry barriers for new participants and increase the token’s utility in decentralized autonomous organization (DAO) structures.

Technical indicators on NEAR’s price chart have shown mixed signals in recent days. The Relative Strength Index (RSI) has moved into overbought territory, suggesting short-term volatility may be ahead. Meanwhile, the 50-day and 200-day moving averages have begun to converge, signaling a potential shift in market sentiment from bearish to neutral. Traders are closely watching whether the price can maintain its recent momentum or if a pullback will follow.

The backtest hypothesis is constructed around the RSI and moving average convergence as key signals. The strategy is based on generating long positions when the RSI crosses above 50 and the 50-day moving average crosses above the 200-day moving average. Exit points are set when either of these indicators diverges or when the RSI enters overbought territory. The hypothesis assumes that the recent upgrade will drive increased activity and liquidity on the network, potentially reinforcing the bullish signal from these indicators.