OP Falls by 12.82% Over the Past Week as Ecosystem Evolves

On October 30, 2025,

climbed 1.2% over the past day to reach $0.4003. However, the overall trend remains negative, as the token has fallen 12.82% in the last week, 39.61% over the past month, and 76.89% in the previous year. These price changes highlight persistent challenges in market sentiment, even with recent updates related to the ecosystem.

OceanPal (NASDAQ: OP), which has recently attracted attention in both the cryptocurrency and industrial sectors, has revealed a major investment in SovereignAI as part of its broader push into artificial intelligence and blockchain technology. The company has secured $120 million for this project, with the goal of boosting the

ecosystem by acquiring up to 10% of NEAR tokens and establishing a dedicated NEAR Protocol treasury in partnership with the Near Foundation.

This strategy highlights OceanPal’s expanding influence in connecting AI infrastructure with blockchain advancements. The initiative is anticipated to improve the NEAR Protocol’s commercial prospects and broaden its application across various blockchain networks. Such targeted investments could help drive wider adoption and integration of cross-chain capabilities, which remains a central objective for OceanPal and its collaborators.

At the same time, NEAR Protocol’s native token, NEAR, has delivered mixed results in recent weeks. Although it has gained 4.67% over the past week, it continues to face resistance from important technical levels. NEAR is trading at $2.30, with the 20-day and 50-day simple moving averages acting as barriers. The 20-day SMA stands at $2.56, the 50-day at $3.30, and the 200-day SMA at $4.21, which is a significant long-term resistance. Analysts suggest a sustained move above $2.56, with enough momentum to surpass $4.21, could signal a more optimistic outlook.

The Relative Strength Index (RSI) currently reads 43.59 for the 14-period, indicating a bearish trend. This points to weak buying interest and ongoing selling pressure until the RSI climbs above 50. Support is found at $2.20 and $2.00, with a drop below $2.00 potentially leading to further declines.

Beyond technical analysis, NEAR Protocol is gaining momentum in cross-chain operations through its NEAR Intents protocol, which is nearing $3 billion in total transaction volume. As of October 30, NEAR Intents has processed $2.95 billion in swaps across 6.41 million transactions, supporting 124 assets on more than 20 blockchains. In just the past month, it has generated $1.56 billion in volume, fueled by increasing adoption from a range of blockchain platforms.

Notable industry figures like Eric Wall, a

supporter and co-creator of Taproot Wizards, and Brendan Farmer, Polygon’s co-founder, have both voiced their support for NEAR Intents. Wall emphasized the protocol’s ability to enable cross-chain transfers for “any coin to any address,” while Farmer commended its function in allowing private funds to interact with the wider crypto space. Protocols based on Solana, such as have also adopted NEAR Intents for cross-chain swaps, reflecting growing acceptance across the industry.

Backtest Hypothesis

The recent swings in OceanPal’s share price offer a chance to evaluate how well certain strategies perform in response to sharp declines. A backtest can be set up by specifying the stock and the criteria for a “down 10%” scenario. In this case, OceanPal (OP) would be the focus. The “down 10%” event could be defined as a single-day drop of at least 10% from the previous close, or as a cumulative 10% decline over several days.

The backtest would cover the period from January 1, 2022, to October 30, 2025, analyzing how the stock has reacted to similar situations in the past. This method would help determine if preset buy or sell signals during such events could have led to consistent returns, providing insights into the stock’s behavior during times of increased volatility and possible market corrections.