NEAR Protocol Jumps Nearly 7% as Altcoin Momentum Builds
NEAR Protocol has posted a strong performance over the past 24 hours, climbing 6.7% amid rising institutional interest and trading volumes that reached 5.82 million units—an indication of steady accumulation above critical resistance zones.
The token rallied from $2.55 to $2.66, capturing a 7% trading range as altcoins begin to stir following bitcoin’s new record high near $123,000.
Price action confirmed support at $2.51, which held firm through periods of consolidation before a breakout around 01:00 UTC sent NEAR up to $2.69 within four hours.
Even with this rebound, NEAR remains significantly below its 2024 peak of $9.00—a level fueled by last year’s AI token boom sparked by emerging technologies like ChatGPT.
Technical Highlights:
- Support well-established at $2.51 during consolidation phases
- Buying interest is sustaining prices above $2.62–$2.64, now converted to support
- A series of higher lows indicates an ongoing recovery trend
- A sharp V-shaped reversal occurred, marked by a 143,188-unit volume surge
- A break above $2.67 signals potential for continued gains
- Next resistance levels are in focus at $2.70–$2.72
As confidence grows across the altcoin market, NEAR looks poised for further upside should the broader crypto rally persist.
