NEAR Protocol Price Increases 4.6% with High Trading Volume
NEAR Protocol's NEAR has faced significant price volatility due to recent tariffs impacting technology assets. Central banks are addressing slowing growth and persistent inflation, affecting both traditional and digital markets.
Technical Analysis
- Volume surged during 13:00-15:00 as price broke above the $2.53 resistance, exceeding 3 million units, indicating strong buyer conviction.
- Price formed a cup-and-handle pattern with support at $2.49-$2.50; late session recovery suggests renewed buying interest.
- Last hour showed bullish momentum with price rising from $2.541 to $2.562, a 0.82% increase.
- Breakout occurred at 01:25-01:26 when price surpassed $2.55 with volume over 116,000 units, confirming strong buyer interest.
- The hourly chart indicates an ascending channel with support at $2.547 and resistance at $2.562, suggesting potential continuation towards the $2.58-$2.60 range if momentum persists.