The NEAR Protocol saw 3M in daily active addresses in Q3 2024 as the growth of the AI crypto sector spurs interest in NEAR.
In the last 30 days, NEAR has gained by 25%. These gains were spurred by the growth of the network, rising usage, and interest.
As the AI crypto sector continues to grow, will NEAR form a bullish leg, or will the price continue to succumb to broader market sentiment?NEAR traded at $4.87 at press time after a 2.36% drop in 24 hours. Trading volumes were also down by more than 30% according toNEAR has been on a bearish streak since the start of the month, as the Moving Average Convergence Divergence indicator shows.
If the bears continue to gain control, the price will likely drop to test the support level at the 0.236 Fibonacci level .
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