NEAR Protocol Gains 6.9% as Whale Activity Lifts Token Toward Key Resistance
NEAR Protocol (NEAR) rallied 6.9% over the past 24 hours, climbing from a session low of $2.61 to a high of $2.79, as renewed institutional interest triggered a sharp recovery in late trading.
The price action on July 24–25 was marked by heightened volatility, with NEAR briefly dipping to $2.77 before rebounding strongly. Between 11:10 and 12:09 UTC, the token surged 0.7%, reversing losses and reclaiming earlier highs in a two-stage move—initial consolidation near $2.78 followed by a quick sell-off and rapid recovery.
The final-hour rebound coincided with a significant spike in volume, as over 123,000 NEAR changed hands. The sharp increase in activity broke through short-term resistance and suggested accumulation by large holders.
This intraday momentum capped a broader 6.9% move from the $2.61 support zone, pushing NEAR toward the next resistance at $2.83. Analysts see this level as critical in determining whether the current rally evolves into a longer-term uptrend.
Looking ahead, forecasts remain optimistic. Technical models suggest NEAR could trade within a wide band of $1.95 to $9.00 in 2025, with some projections reaching as high as $71.78 by 2030. Growing institutional interest, driven by NEAR’s cross-chain developments with Solana and TON, is considered a major catalyst for upside.
Key Technical Highlights:
- 24-hour range: $2.61 to $2.79 (+6.9%)
- Intraday volatility: 8.5% swing from $2.61 to $2.83 projected resistance
- Support confirmed: $2.61, backed by volume exceeding 3.18M NEAR
- Breakout signal: 123,000+ NEAR traded during final-hour surge
- Trend structure: Higher lows maintained; upside momentum intact
- Next target: $2.83 resistance zone
