Heightened Middle East Tensions Drive Crypto Selloff, NEAR Protocol Sinks 6%

NEAR Protocol Finds Its Footing as Geopolitical Strains Shake Crypto Markets

Despite geopolitical volatility rattling the crypto space, NEAR Protocol is showing resilience, anchored by a growing user base that has now surpassed 46 million—a sign of adoption beyond mere speculation.

However, the crypto market at large remains unsettled, with heightened tensions between Iran and Israel creating a cautious atmosphere for risk assets. NEAR has not been immune to these macro headwinds, although price action indicates buyers are stepping up at crucial levels.

At present, NEAR is defending a key support zone around $2.09–$2.10, where trading volumes suggest accumulation even as the broader trend remains tilted bearish.

Technical Snapshot:

• NEAR-USD swung through a 6.1% range intraday, peaking at $2.219 and dipping to $2.085. The most aggressive selling was observed in the 15:00–16:00 window.
• Stiff resistance has materialized between $2.18 and $2.22, with volume clusters of 6.26 million and 4.94 million tokens signaling selling pressure.
• Notably, significant buying activity appeared around $2.09–$2.10 during the 10:00 hour, hinting at possible accumulation.
• Still, the overall price structure reflects lower highs, keeping the short-term trend under pressure.
• NEAR consolidated between $2.09 and $2.12 late in the session, hinting at the formation of a potential price floor.
• During the final hour of trading, NEAR slipped slightly from $2.119 to $2.112.
• A sharp drop between 12:37 and 12:39 drove prices down to $2.105, sparking higher volume activity.
• Firm support appears to be clustering around $2.106–$2.108, with the level tested multiple times, including a notable 68,050-token trade at 12:50.
• NEAR managed a mild recovery in the closing moments, rising from $2.105 to $2.112, possibly forming the first leg of a double-bottom setup.
• Although lower trading volume suggests selling pressure might be fading, the broader outlook remains cautious for the time being.