Near the protocol experienced increased volatility over 24 hours, ending August 14 at. 14:00 UTC, with prices swung between $ 2.78 and $ 3.05 before being run at $ 2.82.
The decrease from $ 3.05 resistance to $ 2.75 support was driven by heavy institutional sales, a total of nearly 20 million tokens under the peak pressure. Despite this, the basic strongly strong of the asset remains, supported by a significant active user base of 16 million weekly participants.
Per hour after the sale achieved nearly 0.35% to $ 2.83, trading within a controlled $ 0.07 range between $ 2.81 and $ 2.85. The main institutional purchases appeared at multiple intervals, which helped token violation of short -term resistance to $ 2.83- $ 2.84 and reached session heights of $ 2.85.
Trade volume eased to approx. 100,000 symbols per Minute, suggesting accumulation rather than speculative retail activity, with a preliminary support that forms nearly $ 2.81- $ 2.82.
Indicators of market performance reflect mixed corporate launches
- Near the protocol recorded significant award volatility with a $ 0.26 trading area representing 8.53% movement between the session’s high of $ 3.05 and low at $ 2.78.
- Cryptocurrency initially demonstrated upward momentum from $ 2.90 to reach $ 3.05 during the evening trade hours and establish technical resistance of $ 3.04- $ 3.05 level.
- Significant institutional sales took place during August 14 between 12: 00-13: 00 UTC with unusual trading volumes of 19.99 million and 12.22 million tokens respectively.
- Daily trading activity exceeded the 24-hour average of 5.47 million tokens, reflecting increased institutional sales pressure.
- Market price dropped to $ 2.75 before the company’s purchase interest supported a recovery to $ 2.82 at session close.
- High -volume institutional sales patterns suggest potential continued downward risk despite modest recovery attempts, according to market strategists.
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