NEAR Slides 3% Before Reclaiming Ground Above $2.50 Amid Market Turbulence
NEAR Protocol slipped 3% on Tuesday in tandem with a broader crypto correction that dragged Bitcoin down from $123,000 to $117,000. Despite the early losses, NEAR rebounded at 13:00 UTC, bouncing from $2.54 to $2.56 and effectively offsetting its intraday decline.
As of the latest data, NEAR is hovering around $2.52, managing to stay above key support at $2.50. A break below $2.48 could trigger a drop toward $2.34 — the launch point of last week’s rally. On the upside, reclaiming Monday’s $2.70 high — which also capped June’s advance — would signal renewed bullish momentum. Above that, technical targets stand at $2.91 and $3.12.
Key Technical Signals
- Support has formed between $2.48 and $2.52, with multiple rebounds confirming buying interest in that zone.
- Resistance remains active between $2.57 and $2.60, where sellers have repeatedly defended.
- Trading volume spiked to 3.68 million between 03:00–04:00 UTC, well above the daily average of 2.32 million, hinting at institutional involvement.
- A late-session surge broke the $2.57 barrier, backed by a high turnover of 217,573 units at 13:55 UTC.
- The daily price swing spanned $0.15 — about 5.7% — highlighting notable intraday volatility.
