Latest news with #NEARProtocol
Yahoo
2 days ago
- Business
- Yahoo
NEAR Protocol Surges 5% as Buyers Dominate Amid Middle East Tensions
The cryptocurrency market faces mounting pressure due to escalating tensions between Iran and Israel in the Middle East. NEAR Protocol has demonstrated remarkable resilience, climbing 4.5% with significant volume support around the $2.11-$2.12 range. This performance comes as traditional markets struggle to find direction amid conflicting economic signals. NEAR's strong performance coincides with heightened trading activity, particularly during peak hours when volume reached 5.14M units. The token continues to test resistance at $2.20, suggesting continued interest despite broader economic concerns. Technical Analysis NEAR-USD experienced a significant bullish breakout, climbing from $2.124 to $2.170, with a notable 24-hour range of $0.095 (4.5%). A clear high-volume support zone formed around $2.110-$2.120, where buyers consistently stepped in, particularly during the 18:00-20:00 timeframe when volume peaked at 5.14M units. Key resistance level emerged at $2.205-$2.210, tested twice but failing to break through, suggesting potential consolidation before the next leg up. Overall trend remains bullish with higher lows forming a supportive trendline, though recent hours show decreasing momentum that warrants caution. In the last hour, NEAR-USD continued its bullish momentum with significant price action between $2.169 and $2.173, forming a higher low pattern that reinforces the broader uptrend. Notable volume spikes occurred at 13:21 and 13:39, with over 65,000 and 83,000 units respectively, indicating strong buyer interest at these levels. Price successfully tested and held above the $2.170 support zone multiple times, culminating in a final push to $2.173 by the end of the period, suggesting continued bullish sentiment despite some consolidation phases. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
NEAR Plunges 8% as Middle East Tensions Rattle Crypto Markets
Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant downside for a number of altcoins. Despite NEAR Protocol's impressive milestone of reaching 46 million monthly users, the token has struggled to maintain price stability in the current geopolitical climate. It currently trades at $2.11 after falling from a high of falling from $2.38. Technical Analysis NEAR experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline. A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level. Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average. Price action formed a descending channel with resistance at $2.29 and support at $2.19. Recent consolidation has occurred near the lower boundary of the channel. • High-volume selling pressure suggests further downside risk. Modest recovery from $2.189 indicates potential stabilization if buyers defend current support. In the last hour, NEAR showed significant volatility, rising from $2.200 to $2.218 before correcting to $2.199. A clear bullish channel formed between 13:05-13:35, gaining 8.5% with notable volume spikes. Strong rejection at the $2.218 resistance level led to a rapid sell-off between 13:41-13:44. Sell-off volume exceeded 100,000 units, confirming the bearish reversal. New support established at $2.198, aligning with the lower boundary of the descending channel. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
NEAR Surges 6% to Break Key Resistance
NEAR Protocol has emerged as a bright spot in the cryptocurrency sector, surging 6.1% over the past 24 hours despite the uncertain macroeconomic environment. The token established solid support at $2.174 before decisively breaking above the $2.300 resistance level with above-average trading volume. The recovery comes after a market-wide sell-off last week due to the escalating conflict in the middle east between Iran and Israel. Investors are closely monitoring how traditional market volatility might impact digital assets, with NEAR's recent price action suggesting some cryptocurrencies may offer relative stability during periods of global economic uncertainty. Technical Analysis NEAR-USD climbed from $2.219 to $2.350, representing a 6.1% gain with a price range of $0.182. The token established a solid support level at $2.174 during the early hours. A decisive breakout above $2.300 occurred with significantly above-average volume (3.05M) in the 13:00 hour. Key resistance levels at $2.324 were overcome as the price formed a series of higher lows. Strong buying momentum emerged during the 01:00-02:00 and 05:00-07:00 periods. In the last hour, NEAR-USD experienced a significant bullish breakout, surging from $2.321 to $2.353 (1.38% gain). A key resistance level at $2.324 was decisively broken at 13:30. The token briefly reached a local high of $2.354 at 14:00 before minor consolidation. New support established at $2.348, suggesting continued bullish sentiment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
NEAR Protocol Surges 4% After 12.8% Correction, User Growth Shines
Conflict between Israel and Iran spurred a crypto market sell-off on Friday, with NEAR Protocol experiencing significant price volatility despite impressive adoption metrics. The protocol has emerged as a leading Layer-1 solution, surpassing established competitors like Ethereum, Binance Chain, and Tron in monthly active users, highlighting a growing shift in user preferences toward platforms offering lower transaction costs and improved usability. Market analysts note that NEAR's recent price correction occurred despite its strong fundamentals, with the token currently trading below key technical indicators. The protocol's focus on user-friendly infrastructure, including features like account abstraction and chain signatures, has positioned it as an attractive option for both developers and users in the blockchain space, particularly as it expands into AI applications and web3 consumer apps. While short-term price action remains uncertain with support at $2.20 and resistance at $2.30, NEAR's remarkable user growth suggests potential for recovery if broader market conditions improve and institutional interest continues to develop around its expanding ecosystem. Technical Analysis NEAR-USD underwent a significant correction, plummeting from $2.50 to a low of $2.18, representing a 12.8% decline over the 24-hour period. The most intense selling occurred during the midnight hours (00:00-02:00), with exceptionally high volume (5.4-6.9 million) establishing a strong resistance zone around $2.37. A modest recovery attempt emerged from the $2.18 support level, with price stabilizing in the $2.21-$2.25 range, though the bounce lacked conviction as evidenced by diminishing volume during recovery phases. The formation of lower highs and higher lows since the initial drop suggests consolidation, with immediate support at $2.20 and resistance at $2.30 likely determining the next directional move. In the last hour, NEAR-USD demonstrated significant volatility with a strong recovery from the earlier correction, climbing from $2.217 to a peak of $2.239 before consolidating. The most notable price action occurred between 13:31-13:40, where NEAR surged nearly 4% on exceptionally high volume (86,916-147,856 units), establishing a new resistance zone around $2.235. A brief pullback to $2.214 at 13:54 found immediate support, with buyers stepping in to push prices back above $2.22. The hourly close at $2.223 represents a 0.5% gain from the opening price, with volume patterns suggesting accumulation following the earlier sell-off, potentially indicating a short-term trend reversal if prices can maintain above the $2.22 support level. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
NEAR Protocol Plunges 9% as Volatility Spikes Despite User Growth
The NEAR Protocol token is navigating through a period of heightened volatility, showing a clear downtrend with strong resistance at $2.730 and support emerging at $2.445. Recent price action indicates modest recovery from lows but remains below key resistance levels, suggesting continued bearish sentiment despite entering a slight consolidation phase. This technical pressure comes at a time when NEAR's network fundamentals show remarkable growth, having surpassed Ethereum, Binance Chain, and Tron in monthly active users. Technical analysis NEAR-USD dropped 8.6% from $2.696 to $2.492 over the analyzed period, showing clear downward pressure. Significant volume spikes occurred during key sell-offs at 17:00 on June 11 and 08:00 on June 12, both coinciding with price breakdowns. Strong resistance has formed at $2.730, while support emerged at $2.445 with high volume, suggesting potential stabilization. Recent hourly data shows a 0.7% recovery from a local bottom of $2.476, supported by volume spikes at 13:38, 13:54, and 14:01. Price formed an ascending channel with support at $2.481 and resistance at $2.495, though NEAR remains below key resistance levels.
