Near the DEFI protocol rises at 150% – What is the next step for its price?

• Near the protocol recorded strong growth last year.
• Near the price has rebounded on the solid support at $ 3-will the recovery extend?

Near protocols (near) The growth of the network jumped 156% last year, stimulated by a broader feeling in the upper market market after the elections in the United States in November.

At the end of the third quarter of 2024, according to Messari’s report, the TVL DEFI of the chain (total locked value) was less than 100 million dollars but jumped at 240 million dollars in the last quarter, stressing the increase in interest and investor confidence.

Source: Messari

However, DEFI TVL slowed down slightly during the last quarter. Likewise, almost shown mixed price performance during the same period.

For example, in the first half of 2024, almost the price jumped 160%. However, as the rest of the market, he landed last summer and brought only the post-American elections, with a gain of 72%.

But the December sale has erased all the post-American elections gains and dragged almost 2024 lows of $ 3 after a dumping ground of 60%. What can speculators wait at T1 2025?

Near: what is the next step for the first quarter of 2025?

As a channel centered on the AI, part of the beginning of 2025 near the losses could be attributed to the bursting of the Bulle of AI. This occurred after the beginnings of the competitor of Openai and the relatively inexpensive Chinese Cat cat.

Like most channels, the price of N quarter was strongly correlated with daily active addresses and the DEX volume. During past rallies, the two measures increased but fell during the titles.

Source: Artemis

In particular, the drop in prices from close to $ 8 to $ 3 was marked by a constant drop in daily active addresses and dex volumes.

When writing these lines, the two measures had not yet shown decisive recovery and could remain almost silent, especially if macro uncertainty persists.

Note, however, that the weekly graph of the deadline has shown that almost made a probable background around $ 3.

Interestingly, almost rebounded at this level in March, August and November 2024. If the trend is repeated, the close recovery goal could be $ 4.7 or $ 5.

However, a crack below the support could push the Altcoin to $ 2.

Source: near / USDT, tradingView