NEAR Protocol has shown remarkable strength in the face of ongoing geopolitical and economic uncertainty, breaking through a key resistance level and capturing the attention of traders and analysts.
NEAR Jumps 6.1% to Breach $2.324 Resistance
In the past 24 hours, NEAR has surged by 6.1%, climbing from $2.219 to a local high of $2.354. The move was driven by strong market momentum and above-average trading volume, particularly during critical trading sessions.
The token decisively broke past the $2.300 resistance zone at 13:00, reaching a new high of $2.354 by 14:00. This breakout followed the establishment of solid support at $2.174, signaling robust buying interest and technical confidence in the asset.
Technical Strength Confirmed by Volume and Price Structure
The bullish breakout was confirmed by significantly high trading volume, peaking at 3.05 million during the 13:00 hour. This surge in volume aligns with a series of higher lows, a common bullish indicator in technical analysis.
Strong price action was observed between 01:00–02:00 and again from 05:00–07:00, reflecting consistent accumulation throughout the early hours of trading.
Key technical highlights:
- Support established: $2.174
- Breakout zone: $2.300
- Resistance broken: $2.324 at 13:30
- Local high: $2.354 at 14:00
- Current support: $2.348
NEAR has now formed a short-term support level at $2.348, indicating bullish sentiment may continue if the broader market remains steady.
NEAR Defies Market Uncertainty
The move comes in contrast to recent market-wide volatility caused by the Middle East conflict and broader macroeconomic pressures. While many assets showed mixed signals or hesitation, NEAR has stood out as a resilient performer.
Investors are closely watching NEAR as a potential hedge within the altcoin space, as its recent performance suggests relative stability even in uncertain conditions.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.