After Volatile Swings, NEAR Protocol Rises 7% and Establishes Critical Support

NEAR Protocol Rebounds Sharply, Builds Support After Volatile Drop

NEAR Protocol is showing renewed strength after a sharp sell-off, recovering as traders step in to buy the dip despite lingering macroeconomic uncertainty.

Following a plunge to $1.79, NEAR found solid support around $1.83, driven by heightened trading volumes. The token has since shifted into an upward trend, forming higher lows that signal growing confidence among market participants.

Technical Highlights

• NEAR’s price traded in a 7.4% range over the past 24 hours, fluctuating between $1.79 and $1.94. A steep fall to $1.79 during hour 20 quickly reversed amid strong buying interest.
• The $1.83 level has emerged as a significant support zone, reinforced by notable trading volume during hours 13 and 20, each surpassing 10 million NEAR traded.
• The token tested resistance at $1.94 during hour 7, before consolidating between $1.90 and $1.92, indicating potential accumulation.
• An ascending channel is forming, with higher lows recorded at $1.899, $1.904, and $1.906, suggesting steady bullish momentum.
• A major volume spike occurred at 11:38, with nearly 30 million NEAR changing hands as prices challenged resistance near $1.908.
• A brief dip to $1.896 around 11:23 was swiftly recovered, underscoring $1.90 as a key support level.
• NEAR closed the latest hourly session at $1.906, maintaining its position near the upper end of its recent range and setting the stage for a potential continued rally if buying persists.