NEAR Rebounds After 5% Intraday Drop Amid Heavy Trading Volume
August 5, 2025
NEAR Protocol’s token saw sharp price swings on Monday, falling 5% intraday before mounting a swift recovery. The move highlighted aggressive institutional activity and renewed buying interest at technical support levels.
Volatility Spikes as Support Holds
NEAR traded within a tight but volatile range between $2.44 and $2.57 over the 24-hour session ending at 14:00 UTC. The early morning hours saw intensified selling pressure, with prices dropping from $2.48 to a session low of $2.44 at 07:00 UTC. The decline was accompanied by a spike in trading volume to 3.2 million tokens, signaling heavy institutional liquidation.
Despite the early dip, buyers stepped in quickly. Strong support at $2.44 held firm, and NEAR rebounded to $2.54 by the end of the session. The recovery phase formed a short-term ascending channel, suggesting bullish intent returning to the market.
Key Technical Developments
- Session range: $2.44–$2.57, reflecting 5% volatility
- Sell-off trigger: Early drop to $2.44 on 3.2M token volume spike
- Recovery phase: NEAR reclaimed $2.52 support and tested $2.54 resistance
- Bullish signals: Final hour breakout added 1% as volume surged during the 13:33–13:39 UTC window, with more than 100K tokens traded per minute
- Positioning pause: Trading activity dropped to zero in the final three minutes, a potential sign of market preparation for a breakout move
Market Sentiment and Outlook
The strong bounce from $2.44 has shifted near-term sentiment to cautiously bullish. Technical structure suggests NEAR may attempt a breakout above $2.57 if momentum holds and volume remains elevated. Institutional accumulation near the lows supports the case for continued upside.
Key Levels to Watch
- Immediate support: $2.52
- Resistance zone: $2.54–$2.57
- Breakout confirmation: Close above $2.57 with hourly volume >1M
If follow-through buying emerges, NEAR could extend toward the $2.60–$2.65 range in the coming sessions.
