NEAR Protocol Establishes Key Support at $1.83 Amid 7.4% Trading Range
The cryptocurrency market shows ongoing volatility, with NEAR Protocol demonstrating resilience. After dropping to $1.79, it found support at $1.83, driven by strong buying interest during high-volume trading.
Technical Analysis Highlights
- NEAR-USD had a 7.4% trading range (1.79-1.94) over 24 hours, recovering sharply after hitting 1.79.
- Support established at 1.83, particularly active during the 13th and 20th hours with volume over 10M units.
- Price tested 1.94 resistance at hour 7, then consolidated between 1.90-1.92, indicating accumulation.
- Uptrend channel confirmed with higher lows at 1.899, 1.904, and 1.906, reflecting renewed buyer interest.
- Volume peaked at nearly 30M units during 11:38 as price approached 1.908 resistance.
- Quick recovery from a brief pullback to 1.896 suggests that 1.90 is a significant support zone.
- Hourly close at 1.906 indicates consolidation near the upper range, positioning NEAR for potential recovery continuation.