Global markets navigate increased uncertainty following a public spat between US President Donald Trump and Tesla CEO Elon Musk.
Near the protocol has shown resilience in the midst of this volatility, which has recovered after a sharp fall of 5.2% to establish support for $ 2.42.
The recent price action shows promising signs of accumulation with increasing volume on the second test of support that forms a potential double -bottom pattern on short time frames.
This technical structure combined with the successful break over $ 2.46- $ 2.47 resistance zone suggests that buyers regain control despite wider market turbulence.
NEAR’s recovery may indicate growing institutional confidence in blockchain infrastructure projects with the real world.
Technical analysis
- Almost-USD showed significant volatility over a 24-hour period with a range of 0.132 (5.2%) between the high of 2,547 and low at 2,415.
- The asset experienced a sharp fall over 20:00 hours on June 4 and established a key support level of 2,423 with volume above average of 2.69 m.
- A potential double -bottom pattern formed with increasing volume on the second test of support, which suggests accumulation at lower levels.
- Resistance established around 2,462-2,470, where the current recovery is approaching this critical zone.
- In the last hour, near-USD demonstrated considerable bullish momentum and climbed from 2,433 to 2,455, representing a 0.9% gain.
- Price action formed a clear increase with remarkable volume tips at. 07:15 (206k) and 07:37 (120k), indicating strong buyer interest.
- A temporary top of 2,462 was reached at. 07:34 before a sharp withdrawal to 2,445, which established a new support level.
- Restore from this dip culminated with one last push for 2,458 at. 07:54, followed by consolidation around 2,455.
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