Markets
NEAR Protocol Experiences 3% Surge Following Key Support Test
NEAR buyers respond decisively at critical levels during a tumultuous trading phase.
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NEAR Protocol Experiences 3% Surge Following Key Support Test
NEAR buyers respond decisively at critical levels during a tumultuous trading phase.
NEAR Protocol recorded a 3% increase in the 24-hour period ending July 8 at 14:00 UTC. The cryptocurrency rose from a low of $2.12 to a close of $2.19, maintaining support firmly at $2.13.
Key Highlights:
- NEAR displayed strong resilience amid instability, with the $2.13 support zone generating consistent buying interest.
- Trading volume surged to 2.55 million units during a pivotal bounce in trading activity.
- The last hour of trading demonstrated bullish momentum, confirmed by price movements from 13:05 to 14:04 UTC.
During the turbulent trading session, NEAR buyers emerged noticeably at strategic support levels. The trading volume indicated significant accumulation with a notable bounce around 01:00-02:00 UTC.
Technical Insights:
- The support level at $2.13 remains strong, indicating robust buyer presence.
- The trading range of $0.07 points to effective price discovery dynamics.
- A resistance level of $2.18 was breached after several attempts, reinforcing the bullish trend.
Disclaimer: Parts of this article were generated with AI tools while being reviewed for accuracy. See CoinDesk’s full AI Policy here.
