Volatility Marks NEAR’s Attempted Recovery in Heavy Selling Environment

NEAR Protocol Slides to Support Amid Late-Session Selloff; Institutional Flows Offer Underlying Support

NEAR Protocol faced renewed selling pressure on Monday, falling 0.98% in the final trading hour from $2.755 to $2.730. The pullback followed a failed attempt to reclaim the $2.765 resistance level despite a surge in trading volume, with 81,064 units exchanged at 09:56. The decline found footing at the $2.729–$2.730 support zone, while consecutive minutes of zero volume into the close pointed to potential short-term consolidation.

The late drop capped a volatile 23-hour stretch, during which NEAR fluctuated between $2.696 and $2.817. Although the token recovered from early session lows, it ended the period down 1.25%, reflecting broader risk-off sentiment in the crypto market amid macroeconomic uncertainty and shifting global trade dynamics.

Still, institutional conviction in digital assets remains resilient. Crypto investment products saw $572 million in weekly inflows, with Ethereum and Bitcoin leading the charge at $268 million and $260 million, respectively. The launch of a new Swiss institutional program by Apex Invest Digital and Coinbase Asset Management further signals growing mainstream adoption.

Despite NEAR’s recent price weakness, the ability to hold near-term support could set the stage for stabilization if selling pressure subsides. However, traders may wait for stronger market catalysts before re-engaging. With NEAR’s sensitivity to broader macro trends, it continues to serve as a key indicator of sentiment in the altcoin space.

Key Technical Highlights

Price Range: NEAR traded within a $0.12 range between $2.696 and $2.817 during the August 10–11 session, reflecting 4% intraday volatility.
Rebound & Rejection: After dipping to $2.71, NEAR rallied to $2.82 by 02:00, backed by 3.99 million units in trading volume. The $2.82 level emerged as strong resistance.
Final-Hour Action: The last hour saw a sharp 1% drop from $2.76 to $2.73, despite heavy volume, signaling persistent selling.
Support Holding: Key support formed around $2.73 with multiple bounce attempts; low closing volume suggests exhaustion and likely near-term consolidation.