NEAR Token Rises 7.6% Following Bitwise Staking ETP Announcement
NEAR token increased by 7.6% on Wednesday after Bitwise announced a NEAR staking exchange-traded product (ETP).
- NEAR rose from $2.09 to $2.13 between July 1-2, breaking out to $2.18 on high trading volume.
- A bullish reversal occurred from July 1, 15:00 to July 2, 14:00, with a significant breakout between 04:00-06:00 on July 2.
- High volume during the breakout reached 4.56M and 3.76M, exceeding the 24-hour average.
- Support established at $2.02 and resistance at $2.17; price consolidation above $2.11 may indicate a new support level.
- Notable volatility was observed from July 2, 13:06 to 14:05, with a peak at $2.15 followed by a correction to $2.13.
- Resistance at $2.15 and support at $2.13 confirmed by volume spikes of 131,013 units at 13:48.
- Final consolidation around $2.14 indicates potential new support, closing at a 0.5% gain over the hour.