NEAR Protocol has achieved a 17.27% surge to $4.30, marking its entry into the $3.60-$4.50 weekly order block - a zone that previously triggered a 127% rally in November 2024 to reach $8. The token has now extended its rally to a new local swing high at $4.30, clearing the supply zone between $3.2 and $3.4 with the latest surge pushing the price above all key Exponential Moving Averages. According to latest reports from AMBCrypto, the token recorded an 8.44% increase to $2.64 on September 17, 2026, with daily volume doubling to $773 million and trading above all key Exponential Moving Averages. The strong performance comes as NEAR surpassed $70 million in confidential total value locked (TVL), automatically triggering the first snapshot under its [email protected] incentive program.
NEAR's network fundamentals have reached unprecedented levels with Total Value Locked (TVL) hitting a new all-time high of $242 million while network fees soared to $860,000 over the last 48 hours. As reported by AMBCrypto, this surge in capital inflows and fee generation may be evidence that more capital is pouring into NEAR's ecosystem. The blockchain's Total Value Locked set another record high of $242 million while the network fees climbed to the $860,000-mark over the same period. The confidential infrastructure continues to gain integrations, with an Aptos integration providing one-click transfers involving assets such as Bitcoin, Ethereum and XRP across more than 20 blockchains.
Large market participants have strengthened NEAR's demand picture as price accelerated, with CryptoQuant's Spot Average Order Size registering Big Whale Orders. The 90-day Spot Taker CVD remained Taker Buy Dominant, indicating aggressive buyers controlled executed spot activity during the rally. Spot volume surged 131.81% to $1.63 billion, suggesting broader market participation behind the most recent price increase. The 90-day Spot Taker CVD printed taker-buy dominance, confirming aggressive buyers were controlling the spot market. The derivatives market expanded sharply as traders increased exposure, with Open Interest rising 39.54% to $924.66 million and Derivatives Volume surging 101.79% to $1.85 billion. However, elevated leverage also increased liquidation risk if NEAR reversed sharply.
During the breakout, NEAR hit the $3.461 level, bringing the higher-timeframe Fair Value Gap (FVG) into immediate focus with the imbalance stretching approximately between $3.65 and $4.20. The directional strength had intensified substantially with the ADX reaching 55.6278 and +DI at 50.3812 overwhelming -DI at 4.1701. The Parabolic SAR indicator at $2.297 remained below the prevailing market price, reinforcing the bullish technical structure. NEAR could extend deeper into the FVG if bulls maintain control above the $2.820 zone, though rejection from the imbalance could likely send the price toward the breakout zone before another recovery attempt. The network's long-term on-chain sentiments point to a potential bullish continuation, with the ability to maintain momentum depending on whether buyers continue supporting the token after its 17% daily hike.
The Confidential Intents TVL jumped to approximately $90.52 million, highlighting a 188% rise across the previous 90 days, as reported by AMBCrypto. The NEAR@3.33 incentive program has supported this expansion by encouraging users to deposit funds into the Confidential Intents ecosystem. As promised, participants received convertible tokens after NEAR maintained a three-day average price at or above the $3.33 level. The program introduced an identifiable demand catalyst while directing additional capital towards NEAR's cross-chain infrastructure. The snapshot allocates 333,333 milestone tokens to eligible users who maintain more than $100 in confidential balances and have an active swap history, with rewards remaining locked until NEAR's three-day volume weighted average price reaches at least $3.33, when they can convert into NEAR. The incentive program places a 2% cap on the amount that can be allocated to any single wallet.
