AI-focused nearby (ETP).
Sales come during a muted day for cryptocurrencies with Bitcoin, which also falls back from its test of a new record high.
The launch of Bitwise’s close -up of ETP marks a significant milestone for the institutional adoption of the protocol, allowing regulated investors to get exposure to Near’s Stakeing Rewards through a traditional investment vehicle.
Technical analysis
- Near have experienced a significant decline of $ 0.124 (5.42%) During the 24-hour period from July 3, 15:00 to July 4, 14:00, with the price dropped from $ 2,294 to $ 2,170.
- The asset established a clear resistance zone around $ 2,290- $ 2,298 with multiple rejections while it broke under key support for $ 2,220 on heavy volume (2.7 m) In the course of 04:00 hours.
- The bearish momentum intensified with a volume tip at 2.83 m at. 07:00 when the price reached its lowest point of $ 2,172, forming a potential double bottom with 13:00 Candle’s $ 2,167 low, which suggests possible stabilization despite the overall negative trend.
- During the last 60 minutes from July 4, 13:06 to 14:05, nearly experienced considerable volatility with a net decrease of $ 0.018 (0.82%)falls from $ 2,192 to $ 2,170.
- The asset established a clear opposition to $ 2,177 with several rejections, while it showed remarkable sales pressure of 13: 37-13: 39, when the price fell from $ 2,174 to $ 2,169 on heavy volume (119k).
- A short recovery attempt occurred at. 13:53 with an increase to $ 2,175 on significant volume (77k)But Momentum failed to maintain, with the price ultimately settling in a consolidation pattern between $ 2,169- $ 2,171 at the end of the final minute.
The CD20 index throws 2%as Bearish Momentum accelerates
The CD20 index experienced significant downward pressure over the past 24 hours from July 3, 17:00 to July 4th 16:00 and fell from $ 1,788.41 to $ 1,756.06, representing a fall of $ 32.35 or 1.81%.
The total trade area during this period was $ 45.74 (2.56%)With the top of $ 1,801.60, which occurs on July 3, 21:00, followed by a constant sales pressure that was intensified after 13:00 on July 4, as prices fell sharply by almost $ 15 within a single hour.
