NEAR Protocol has surged upwards by 18% as it approaches key resistance levels. Technical indicators are showing strong signals of a potential price rally, driven by factors like expanding DeFi applications and growing institutional interest. The price is hovering near $2.79 and testing the long-term descending resistance line that has been in place since early 2022. The current upward momentum could push NEAR Protocol to new all-time highs with targets potentially set at $6.40 and $10.75 based on Fibonacci retracement levels, as highlighted by analysts. The surge in trading activity is also noteworthy with $419 million open interest and ecosystem volume exceeding $4 billion, fueling a bullish momentum.