NEAR Protocol Declines 3% Following Terminal-Hour Liquidation
NEAR Protocol experienced a 3% decline, falling from $2.84 to $2.75 over the past 24 hours, with valuations consolidating within a $0.18 range. A significant drop occurred in the last hour, with a 2% decrease from $2.78 to $2.73.
Market Analysis
- Consolidation observed from July 28, 15:00 to July 29, 14:00, within a $0.18 range between $2.67 and $2.86, indicating 7% volatility.
- Resistance level identified at $2.83; multiple reversals noted at this point.
- Support found around $2.73-$2.75, with increased volume during recovery attempts.
- Transactional volumes exceeded 175,000 during peak selling from 13:50-13:52.
- Market shows indecision with decreasing volatility towards session end.
- Breakdown involved high volume, suggesting institutional liquidation.