Institutional Watch – NEAR Emerges as a Resilient Bet Amid Global Turbulence
NEAR Protocol surged over 6% to reclaim the $2.35 mark on Monday, offering a rare display of strength as digital assets broadly struggled to regain footing following last week’s macro volatility.
The Layer 1 token bounced from support at $2.174 and cleared resistance at $2.300, with elevated volume confirming renewed interest from buyers. Analysts say NEAR’s technical resilience could signal growing institutional confidence in the project’s long-term fundamentals—even as geopolitical uncertainty clouds broader risk markets.
“NEAR is acting like a defensive play within crypto right now,” one trader noted on X, pointing to the token’s bullish structure and above-average participation on the breakout.
Meanwhile, the protocol’s expanding developer ecosystem and reputation for scalable dApps have helped it stay top of mind for funds looking beyond just Bitcoin and Ethereum.
