Despite the recent market sell-offs caused by tensions between Israel and Iran, NEAR Protocol has demonstrated resilience. The platform’s active user growth and innovative features have positioned it as a leading Layer-1 blockchain solution, surpassing competitors like Ethereum, Binance Chain, and Tron. 2023 saw increased adoption with near-constant improvements. NEAR offers low transaction costs and easy-to-use design, attracting both developers and web3 application creators through features like account abstraction and chain signatures. However, short-term price fluctuations remain a factor in the market’s volatility. Price data shows a recent decline of 12.8%, with support at $2.18, before brief recovery to around $2.20-$2.25. Technical analysis reveals a consolidation phase characterized by higher and lower peaks, with critical support at $2.20 and resistance at $2.30. Short-term price movements have been significant, with notable increases during trading sessions and a 4% jump between 13:31 and 13:40. Analyst comments indicate that NEAR’s low transaction fees and user-friendly structure attract investors and developers, while market volatility caused by macroeconomic events can impact short-term price movements.