NEAR Protocol saw a 5% increase from $2.47 to $2.60 within a 24-hour window, strongly supported by institutional purchase patterns amidst a backdrop of macroeconomic uncertainties.

Late-Session Volatility Caps Gains

On August 7, from 13:06 to 14:05 UTC, a significant volatility surge occurred, undoing earlier profits and pushing the price back to $2.60 from a high of $2.61. The circumstances indicate a potential distribution phase influenced by profit-taking.

Key Takeaways:

• NEAR Protocol recovered effectively from a downturn driven by institutional buying amid broader market fluctuations.
• The 10:00 AM UTC price surge brought considerable volume, indicating renewed interest in NEAR, despite the economic volatility.

Broader Economic Context

The price movements of NEAR reflect the ongoing trends of institutional investments amidst changing fiscal policies globally. As financial markets react to inflation and other economic pressures, digital assets like NEAR are attracting increased attention.

Disclaimer: Some data used in this article was generated with AI assistance, and the content was thoroughly evaluated for accuracy.