NEAR Protocol Surges 6.9%: Bulls Take Charge After Overnight Selloff

Overview of NEAR Protocol’s Recent Performance

NEAR Protocol has shown remarkable volatility and resilience in recent trading sessions. As of July 25, NEAR experienced a striking 6.9% rally, moving from a low of $2.61 to close at $2.79. This surge reflects the underlying bullish sentiment and renewed interest from institutional investors.

Trading Activity and Market Movements

On Thursday, between 11:10 and 12:09 UTC, NEAR Protocol saw a bounce of 0.7%, recovering from a brief dip to $2.77. This trading window was characterized by significant fluctuations, with the token oscillating between $2.79 and $2.77 as institutional inflows surged. The trading volume during this period exceeded 123,000 units, marking a critical point in the market where bullish momentum began to take hold.

Technical Analysis: Breaking Resistance Levels

The recent price action has put NEAR Protocol on the radar of many traders and investors. The token’s move from $2.61 to $2.79 not only reflects a recovery but has also broken through several key resistance levels. The consolidation phase near $2.78 was critical, as it set the stage for a sharp recovery following a brief selloff. Analysts suggest that NEAR could soon test the next resistance level at $2.83.

Market Sentiment and Future Projections

Experts in the cryptocurrency space believe this recent surge could pave the way for even higher prices. NEAR Protocol has shown potential for long-term growth, with projections indicating a price range between $1.95 and $9.00 for 2025. More ambitious forecasts even suggest NEAR could reach as high as $71.78 by 2030. The development of cross-chain bridging with platforms like Solana and TON is seen as a critical driver of institutional interest, which could further fuel price expansion.

Analyzing Volatility and Support Levels

The recent trading session highlighted an 8.50% volatility range between $2.83 at the maximum and $2.61 at the minimum. The strong support level at $2.61 was confirmed with trading volume exceeding the daily average of 3.18 million. Observations indicate that the recovery momentum from $2.69 to the closing price of $2.79 is targeting a breakthrough of the $2.83 resistance zone.

Institutional Accumulation: A Key Factor in Price Movements

The final hour of trading saw a remarkable surge in volume, with over 123,000 units traded, indicating a phase of institutional accumulation. This strong buying interest has established new session highs at $2.79, reinforcing the bullish outlook for NEAR Protocol. As more large players enter the market, the potential for future price growth becomes increasingly likely.

Conclusion: What Lies Ahead for NEAR Protocol?

NEAR Protocol is currently experiencing a pivotal moment, characterized by increased volatility and bullish sentiment. The combination of institutional interest, strong support levels, and positive technical indicators suggests that NEAR could be poised for significant upward movement. Investors should monitor upcoming resistance levels and market trends closely, as these will be crucial in determining the future trajectory of NEAR Protocol.

For those interested in exploring other cryptocurrencies, check out our guides on how to buy Bitcoin, how to buy Ethereum, or how to buy Solana.