Near Protocol saw Sharp Intraday Swings on August 12 with prices climbing from $ 2,643 to $ 2,678 by 13:35 before turning quickly. The sale, which was concentrated between 13:38 and 13:49, deleted most hours of winnings as the token dropped to $ 2,634 on a strong volume exceeding 200,000 tokens per day. Minute. Profit at $ 2,675- $ 2,680 Resistance level-identified in previous sessions-assumed the rally, while $ 2,630- $ 2,635 zone again provided fixed support. Nearby, the hour closed at $ 2,644 after a rebound trial with low volume.
Over the previous day, approached greatly from $ 2.57 to touch $ 2.73, a 6% area showing aggressive buying interest. The move followed an initial dip from $ 2.68 to $ 2.58 before buyers regained control and sent prices back to $ 2.68 with unique turnover of 8.01 million tokens. Resistance around $ 2.68- $ 2.73 remains intact, with $ 2.57- $ 2.59 showing a reliable floor during repeated testing.
Institutional demand supported the rally with $ 572 million in global influxes for digital asset investment products last week, including $ 10.1 million aimed at near. Momentum came when the US policy shift allowed digital assets in 401(k) Retirement plans that trigger $ 1.57 billion in the Late Week and increase confidence across blockchain markets. Analysts consider this a central moment of mainstream resolution, potentially expanding the closeness of the investor base.
Technically, NEAR’s diagram shows an elastic recovery pattern supported by high-volume surfaces on key levels. Strong purchases near $ 2.57- $ 2.59 repeatedly triggered sharp turns, while the top $ 2.68- $ 2.73 bands continues to pull strong sales pressure. With institutional currents that accelerate and regulatory developments that favor crypto -uptake, Near’s price action may remain unstable but supported by strengthening long -term support.
Technical indicators
- High volume surgeon exceeding the 24-hour average of 2.73 million establishes formidable resistance around $ 2.68- $ 2.73.
- The $ 2.57- $ 2.59 zone has proved remarkably robust as support through several successful studies and volume-backed turns.
- The most significant bearish pressure is materialized between 13:38 and 13:49, when near dropping from $ 2.67 to $ 2.63, which effectively erases virtually all hourly wins within an 11-minute timeframe accompanied by unusually elevated sales volume exceeding 200,000 symbols per year. Minute.
- This unstable configuration suggests profit-take activities at $ 2.68- $ 2.68 Resistance zone established under the Antecedent 24-hour analysis.
- The level of $ 2.63- $ 2.64 continues to deliver critical support, with the session ending with $ 2.64 after a modest recovery attempt that lacked sufficient volume ensuing.
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