NEAR Intents volume has surged past $22 billion in a single month, equating to more than $2 billion monthly, with $223 million processed in the last 24 hours across 35 chains and 135 assets.

Price action has decoupled from this on-chain growth, leaving the token trading at $1.82 and highlighting extreme mispricing relative to utility in cross-chain routing.

With price testing upper Bollinger resistance at $1.92 while RSI sits neutral at 45.56, a healthy retracement to the 50-EMA support at $1.90 appears probable before any continuation, as the MACD death cross and position below the 200-EMA at $2.04 reinforce the bearish structure on the 4h chart.