NEAR Protocol's price has rebounded from the $1.80 support level, climbing to $1.88, following Grayscale's Decentralized AI Fund's decision to allocate 28.74% of its assets to NEAR. This allocation has sparked renewed interest and trading activity in the market. Despite the price increase, NEAR's short-term bubble risk indicator remains bearish at 0.720, indicating potential volatility as it hovers below its 20-week trend baseline. The $1.80 level is seen as a critical support point, with a breach potentially leading to lower liquidity zones. Grayscale's allocation has positioned NEAR as the fund's second-largest holding, contributing to the upward price momentum.
NEAR Price Rises as Grayscale AI Fund Allocates 28.74% to Token
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