NEAR Protocol climbs 8% after institutions accumulate around crucial support area.

NEAR Protocol Gains 8% on Strong Institutional Buying, Rebounds From Critical Support

NEAR Protocol rallied impressively during the 23-hour trading period from July 30 to July 31, climbing from a low of $2.52 to close at $2.73—an 8.27% recovery fueled largely by institutional investors.

On July 30, between 18:00 and 19:00 UTC, NEAR experienced a sharp selloff from $2.68 down to $2.52 on heavy volume exceeding 9.6 million shares. This dip established a key support zone where institutional players stepped in to accumulate. Throughout the overnight session, these buyers maintained defensive positions around $2.52.

In the final hour of trading on July 31 (09:05 to 10:04 UTC), NEAR’s price inched up 0.15%, breaking through resistance at $2.725 on strong volume surges of more than 28,000 shares at several intervals. This activity points to coordinated buying from sophisticated investors preparing for NEAR’s potential growth in enterprise blockchain applications.

Industry analysts see NEAR’s price action as part of a wider trend where institutions selectively increase exposure to Layer 1 blockchains with promising enterprise adoption prospects.

Key Technical Details:

• Trading range: $2.52 support to $2.74 resistance, showing nearly 8% price volatility
• Volume surge: 9.6 million shares traded during July 30’s selloff
• Institutional accumulation zone: $2.52–$2.55
• Final hour gains: 0.15% with repeated volume spikes over 28,000 shares
• Resistance at $2.725 broken decisively
• Overall session gain: 2.87%
• Total rebound led by institutional buying: 8.27%