NEAR Surges While Broader Market Stalls
NEAR Protocol posted a 4.5% gain, climbing from $2.124 to $2.173 over the past 24 hours, defying broader market hesitation driven by escalating geopolitical tensions in the Middle East. As traditional risk assets face downward pressure, NEAR stands out with sustained buyer interest and strengthening technical support.
The ongoing conflict between Iran and Israel has intensified volatility across global financial markets, including crypto. Yet, NEAR has demonstrated notable resilience, supported by strong trading activity and renewed investor confidence.
Strong Support Around $2.11–$2.12 Zone
Technical indicators show firm support forming around the $2.110–$2.120 range, where buying volume surged, particularly during the 18:00–20:00 UTC window, with over 5.14 million tokens traded. This zone has acted as a solid base for price recovery, allowing NEAR to rebound multiple times after brief dips.
The token’s ability to establish and hold higher lows is forming a rising trendline, suggesting sustained bullish pressure. Recent sessions saw price action consolidate just below key resistance at $2.205–$2.210, a level tested twice but yet to be broken.
Volume Spikes Indicate Buyer Control
NEAR-USD recorded notable volume spikes at 13:21 and 13:39 UTC, with 65,000 and 83,000 units exchanged respectively, during brief pullbacks. Each time, buyers defended support at $2.170, leading to a final hourly close at $2.173, signaling continued bullish momentum despite brief consolidation phases.
The market structure suggests that accumulation is ongoing, with bulls preparing for another breakout attempt if volume continues to increase and macro conditions stabilize.
Key Technical Levels to Watch
- Support Zone: $2.110–$2.120
- Current Short-Term Support: $2.170
- Immediate Resistance: $2.205–$2.210
- Trend Outlook: Bullish, with caution warranted on volume decline
While short-term momentum is slowing, the broader setup remains bullish. A decisive break above $2.210 could trigger the next leg higher, potentially targeting the $2.25–$2.30 region in the near term.
Conclusion
NEAR Protocol continues to outperform amid broader market stress, backed by solid volume, technical support, and bullish structure. With geopolitical tensions still influencing investor behavior, NEAR’s current resilience could attract further attention if it breaks above key resistance levels in the coming sessions.
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.