Near Protocol Defi is increasing 150% – what is the next step for its price?

• Near Protocol, a strong Defi growth recorded last year.
• Almost price bounced with strong support for $ 3 – will the recovery expand?

Near protocols [NEAR] Network growth rose by 156%last year, stimulated by a broader bullish market sentiment after elections in November.

At the end of the quarter of 2024, per messaris reportThe Defi TVL of the chain (total locked value) was lower than $ 100 million, but jumped to $ 240 million in the past quarter, which underlined the investor’s interest and confidence.

Source: Messari

However, Defi TVL delayed somewhat in the last quarter. Similarly, the performance of mixed price almost showed for the same period.

In the first half of 2024, for example, almost 160%rose. Just like the rest of the market, however, it tanked last summer and only bounced back after the American elections, with a win of 72%.

But the sale of December knew all the win after the American elections and dragged nearly 2024 lows of $ 3 after a dump of 60%. What can speculators expect in Q1 2025?

Near: What is the next step for Q1 2025?

As an AI-centric chain, part of the early 2025 in the vicinity of losses could be attributed to the eruption of the AI-Bel. This happened after the competitor of OpenAi and the relatively cheap Chinese Ai-Chatbot Deepseek.

Like most chains, the price of Near is strongly correlated with daily active addresses and DEX volume. During the former rallies, the two statistics stood, but fell during the tapping.

Source: Artemis

In particular, the price fall from $ 8 to $ 3 was characterized by a steady decrease in daily active addresses and DEX volumes.

At the moment, the two statistics still had to show a decisive recovery and they could almost remain muted, especially if the macro unintelligence persists.

However, note that the weekly period of time showed that almost a likely soil made around $ 3.

It is interesting that almost recovered at this level in March, August and November 2024. If the trend repeats, the immediate recovery goal of the neighborhood can be $ 4.7 or $ 5.

However, a tear under support can push the Altcoin to $ 2.

Source: Near/USDT, TradingView