NEAR Recovers Strongly with 7% Surge as Bullish Sentiment Builds
NEAR Protocol Soars Nearly 7% as Altcoins Ride Bitcoin’s Momentum
NEAR Protocol surged 6.7% over the last 24 hours, fueled by robust trading volumes totaling 5.82 million units—a sign of persistent institutional buying above key resistance zones.
The token advanced from $2.55 to $2.66, capturing a 7% price swing as optimism spreads across altcoins in the wake of Bitcoin’s climb to a record $123,000.
NEAR’s price found solid support at $2.51 before staging a breakout around 01:00 UTC, eventually touching $2.69 within the next four hours.
Despite the rally, NEAR still trades well below its 2024 high of $9.00—a level boosted previously by hype surrounding AI-related projects such as ChatGPT.
Technical Highlights:
- Strong support confirmed at $2.51 during periods of consolidation
- Buying strength now maintains prices above the $2.62–$2.64 range
- Higher lows signal the continuation of a bullish trend
- A sharp V-shaped reversal occurred with a 143,188-unit volume spike
- A clean break above $2.67 indicates potential further upside
- Resistance now lies at $2.70–$2.72
As the broader market continues to heat up, NEAR could see additional gains if momentum in the altcoin space persists.
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