NEAR Protocol Climbs 7% Post-Volatility Test, Secures Important Support Zone

NEAR Protocol Recovers After Volatile Drop, Builds Momentum Above Key Support

NEAR Protocol is showing signs of resilience as the broader crypto market stabilizes, with strong buying interest helping the token rebound from recent lows despite ongoing economic uncertainty.

After dipping to $1.79, NEAR found firm support around $1.83, fueled by increased trading activity. The token has since shifted into an upward price channel, forming higher lows that suggest improving sentiment among traders.

Technical Insights

Over the past 24 hours, NEAR has traded in a 7.4% range between $1.79 and $1.94. The steep drop to $1.79 during hour 20 was quickly met with buying pressure that sparked a recovery.
Significant support has formed at $1.83, underpinned by high-volume trades, especially during hours 13 and 20 when volumes surpassed 10 million NEAR.
NEAR tested resistance at $1.94 during hour 7, then settled into a tighter band between $1.90 and $1.92, indicating possible accumulation ahead of the next move.
An upward trend channel is emerging, defined by steadily higher lows at $1.899, $1.904, and $1.906, suggesting sustained bullish interest.
A notable volume spike occurred at 11:38, with nearly 30 million NEAR changing hands as prices pushed towards resistance at $1.908.
A brief dip to $1.896 around 11:23 was quickly reversed, underscoring the importance of the $1.90 level as a new support zone.
NEAR ended the hourly session at $1.906, consolidating near the upper end of its recent trading range and hinting at the potential for further gains if momentum holds.