Volatility Surge Sparks 5% Recovery in NEAR Protocol

NEAR Protocol Sees 5% Rally, Then Pullback as Volatility Returns

NEAR Protocol (NEAR) gained 5% in a 24-hour window, rising from $2.47 to $2.60 before late-session volatility wiped out most of the day’s gains.

The move was fueled by institutional buying interest, with price consolidating between $2.48 and $2.52 in early trading before a breakout around 10:00 UTC lifted the token to a session high of $2.61. Volume surged to 3.36 million—nearly three times the daily average—signaling strong demand at the $2.68 support level.

However, selling pressure returned late in the session. A wave of profit-taking between 13:39 and 13:42 UTC triggered a sharp reversal, pulling NEAR back to $2.60 by the close. Price action formed a descending channel, hinting at possible short-term exhaustion.

The session unfolded amid macroeconomic uncertainty, as global investors navigate evolving monetary policy and trade risks. Digital assets like NEAR have seen increased institutional flows as investors hedge against traditional market volatility.

Technical Highlights:

• 24h Price Range: $2.47 – $2.61
• Closing Price: $2.60
• Volume: 3.36M (vs. 1.2M daily average)
• Support: $2.51
• Resistance: $2.61

Despite the late-session pullback, the day’s trading pattern reflects strong underlying demand, particularly from institutional buyers. Continued accumulation could set the stage for another leg higher if resistance near $2.61 is breached.