Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant downside for a number of altcoins.

Despite NEAR Protocol's impressive milestone of reaching 46 million monthly users, the token has struggled to maintain price stability in the current geopolitical climate.

It currently trades at $2.11 after falling from a high of falling from $2.38.

Technical Analysis

• NEAR experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline.
• A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level.
• Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average.
• Price action formed a descending channel with resistance at $2.29 and support at $2.19.
• Recent consolidation has occurred near the lower boundary of the channel. • High-volume selling pressure suggests further downside risk.
• Modest recovery from $2.189 indicates potential stabilization if buyers defend current support.
• In the last hour, NEAR showed significant volatility, rising from $2.200 to $2.218 before correcting to $2.199.
• A clear bullish channel formed between 13:05-13:35, gaining 8.5% with notable volume spikes.
• Strong rejection at the $2.218 resistance level led to a rapid sell-off between 13:41-13:44.
• Sell-off volume exceeded 100,000 units, confirming the bearish reversal.
• New support established at $2.198, aligning with the lower boundary of the descending channel.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。