NEAR Protocol bounced 0.7% between 11:10 and 12:09 UTC on Thursday, erasing a brief $2.77 dip in a volatile trading window marked by sudden institutional inflows. The token whipsawed from $2.79 to $2.77 before reclaiming session highs, highlighting a two-phase move characterized by consolidation near $2.78, followed by a selloff and swift recovery.

The rebound was triggered by a sharp uptick in volume, with more than 123,000 units traded after 12:01, breaking through resistance levels and signaling potential accumulation by large players. The move capped a broader 6.9% rally from $2.61 overnight support to a $2.79 close during the July 24–25 trading window, fueled by increased volatility and revived bullish sentiment.

Analysts view the surge as a potential setup for a test of the $2.83 resistance level, with longer-term projections placing NEAR in a $1.95–$9.00 range for 2025 and as high as $71.78 by 2030. Continued development of cross-chain bridging with Solana and TON is cited as a catalyst for institutional interest and potential price expansion.

Technical Breakout Signals Bullish Momentum

• $0.22 trading range represents 8.50% volatility between $2.83 maximum and $2.61 minimum during 23-hour period.
• Strong $2.61 support level confirmed with volume exceeding 3.18 million daily average.
• Recovery momentum from $2.69 to $2.79 close targets $2.83 resistance zone breakthrough.
• $2.78 consolidation precedes sharp $2.77 support test during mid-session volatility.
• Exceptional 123,000+ unit volume during final-hour surge confirms institutional accumulation phase.
• Multiple resistance levels broken during recovery establishing new $2.79 session highs.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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。