Sharp 5% Decline in NEAR Followed by Swift Recovery Move

NEAR Rebounds After Sharp 5% Decline, Finds Support Near $2.44
August 5, 2025

NEAR Protocol’s token endured heavy volatility over the past 24 hours, plunging 5% early in the session before rebounding sharply on strong buy-side volume.

High-Volume Reversal Unfolds After Early Selloff

NEAR’s price action ranged between $2.44 and $2.57, reflecting a 5% intraday swing. The downturn began around 07:00 UTC as the token dropped from $2.48 to $2.44 amid a surge in volume to 3.2 million units — a clear sign of institutional selling pressure.

However, that weakness was short-lived. Buyers stepped in aggressively at the $2.44 support zone, helping drive the token back up to $2.54 by session close. The price recovery formed a short-term ascending channel, supported by sustained trading activity throughout the afternoon.

Key Technical Observations:

• Intraday range: $0.13 swing between $2.44 low and $2.57 high
• Selloff trigger: Sudden drop from $2.48 to $2.44 at 07:00 UTC on heavy sell volume
• Recovery phase: Gradual climb to $2.54, establishing $2.52 as near-term support
• Breakout potential: Late-session activity formed a bullish breakout structure, delivering a 1% gain during the final hour
• Volume dynamics: Institutional accumulation evident between 13:33–13:39 UTC, with sustained trade above 100K units per minute
• Final pause: Last three minutes of the session saw volume taper to zero, signaling possible strategic positioning ahead of next move

Outlook:

With support at $2.44 holding firm and strong buying interest surfacing near session lows, NEAR appears poised for a potential breakout. A decisive move above the $2.57 resistance could open the door for an extension toward the $2.60–$2.65 range, provided volume remains supportive.

Traders are now closely watching whether NEAR can maintain the $2.52–$2.54 zone as a base for further gains.