NEAR Attempts Reversal but Bearish Pressure Keeps Gains Limited

NEAR Trades Cautiously as Global Tensions Cloud Market Sentiment

NEAR Protocol remains under pressure as global economic and geopolitical uncertainty ripple through risk markets. Despite this, the token continues to test key support levels with signs of underlying buyer interest.

In the last 24 hours, NEAR has fluctuated within a tight range between $2.38 and $2.49. The price action reflects mounting investor anxiety as escalating U.S.–China trade tensions, potential European Central Bank policy shifts, and renewed conflict in the Middle East weigh on global outlooks.

Crypto markets have struggled to find clear direction under these macro headwinds. NEAR, which often correlates with broader tech sector sentiment, has mirrored the pullback seen across growth-focused assets.

Technical Breakdown

NEAR established firm intraday support at $2.38–$2.40, reinforced by buying activity during a volume surge between 09:00 and 11:00, totaling over 2.5 million tokens traded.
A descending trendline continues to apply downward pressure, with the token hitting resistance at $2.481 in early morning trading.
A brief rally from $2.399 to $2.439 offered a glimpse of bullish potential, with price stabilizing near $2.435 as buyers attempted to reclaim momentum.
A swift dip to $2.399 was met with immediate support and a recovery to $2.414, confirming strong demand near the lower bound of the trading channel.
Continued consolidation above $2.40 could set the stage for a breakout—provided volume remains strong and broader market sentiment stabilizes.

While headwinds persist, NEAR’s ability to hold support amid macro uncertainty speaks to steady interest from traders looking for technical strength in choppy markets.