NEAR Protocol Climbs as Buyers Support Price Despite Geopolitical Tensions
NEAR Protocol held firm above $2.11 on Thursday, gaining 4.5% even as broader crypto markets navigated choppy waters fueled by escalating tensions between Israel and Iran. The token’s resilience highlights ongoing investor confidence amid global uncertainty.
Throughout the day, NEAR traded in a tight range, gradually inching higher as traders defended support levels around $2.11–$2.12. The token approached resistance near $2.20 but has yet to firmly break through, suggesting the possibility of further consolidation before the next significant move.
Technical Insights
- NEAR rose from $2.124 to a high of $2.170, marking a 4.5% gain across a trading range of roughly $0.095.
- Buyers showed strong interest between $2.110 and $2.120, particularly during the 18:00–20:00 UTC window, where trading volumes spiked to over 5.14 million tokens.
- Resistance has formed around the $2.205–$2.210 zone, tested twice but still holding firm, hinting at potential short-term sideways action.
- NEAR’s price structure remains positive, with higher lows supporting a gradual uptrend, although momentum has softened slightly compared to previous sessions.
- In the final trading hour, NEAR maintained stability, hovering between $2.169 and $2.173 and forming higher lows that indicate buyers are still active.
- Significant trading bursts were observed at 13:21 and 13:39 UTC, where volumes exceeded 65,000 and 83,000 tokens, respectively, reflecting persistent market engagement.
- The session closed with NEAR steady at $2.173, signaling continued confidence despite broader market consolidation.
NEAR’s performance stands out as a pocket of strength, suggesting traders are positioning for further gains even as geopolitical risks keep the crypto market cautious.
