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NEAR Protocol jumps 26.5% after short squeeze and strong NVIDIA earnings boost AI crypto sector

Market News
22 May 2026
Blockonomi
View Source
Bullish
pluang ai news

NEAR Protocol surged 26.52% in 24 hours to about $2.19, driven by a short squeeze at $1.72 that liquidated $5.8 million in shorts. This breakout ended a long-term downtrend and was supported by strong NVIDIA earnings, which bolstered confidence in AI-focused cryptos. NEAR's unique AI privacy features and recent tokenomics changes add to its bullish outlook, with technical analysts projecting further gains. However, on-chain activity shows declining user engagement, posing a cautionary note despite price strength.

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