#FOMC‬⁩ $NEAR Protocol has implemented default, on-chain privacy for its perpetual futures trading platform. This means user positions, order size, and direction are no longer publicly visible before settlement, directly combating maximal extractable value (MEV) strategies that exploit transparent ledgers. This upgrade is part of NEAR's broader Confidential Intents initiative, which uses a dedicated private shard to enable confidential cross-chain transactions. This is bullish for NEAR because it directly addresses a major pain point for professional and institutional traders—strategy exposure. By making privacy the default, NEAR could attract more sophisticated capital to its DeFi ecosystem, increasing network utility and fee generation. NEAR's price surged over 16% in 24 hours to reclaim the $2.70 level, finding support between $2.30–$2.35. The move is attributed to strong fundamental growth, including confidential TVL reaching $70 million. Technically, the one-hour RSI, indicating an overbought condition, while the MACD remained positive. The rally reflects growing confidence in NEAR's privacy and chain-abstraction narrative. However, the overbought RSI suggests a near-term pullback or consolidation is possible before attempting to break key resistance. Traders should watch for sustained volume to confirm the breakout's strength. NEAR is advancing its unique selling proposition—privacy-first, cross-chain infrastructure—amid a strong bullish price move driven by both ecosystem growth and broader altcoin rotation. Will adoption of its confidential features accelerate fast enough to sustain momentum if the wider market cools?