AI-focused near Token Rose with 7.6% Wednesday following a message from fund manager Bitwise on an almost stack of Exchange-Traded Product (ETP).
Near climbing from $ 2.09 to $ 2.13 between July 1-2, with a crucial breakout reaching $ 2.18 on high trading volume. This performance comes on the back of the message that can spur institutional interest in near.
Technical analysis
- Almost-USD showed a remarkable bullish reversing during the 24-hour period from July 1, 15:00 to July 2, 14:00, where he climbed from $ 2.09 to $ 2.13.
- A significant outbreak occurred between 04: 00-06: 00 on July 2, when the price rose to a highlight of $ 2.18 of unusually high volume (4.56 m and 3.76 m respectively, which far exceeded the 24-hour average).
- The total range of $ 0.16 (7.6%) shows strong Momentum, with key support established at $ 2.02 and resistance to $ 2.17.
- Price consolidation over $ 2.11 In the last hours, the formation of a new support level suggests serving as a foundation for further upward movement.
- In the last 60 minutes from July 2, 13:06 to 14:05, near-USD showed remarkable volatility with a significant price increase between 13: 40-13: 48, which reached a highlight of $ 2.15 before experiencing a sharp correction to $ 2.13.
- Price action formed a clear level of resistance of $ 2.15 and supports $ 2.13, with volume tips (131,013 units at 13:48) that confirms the strength of the upward movement.
- The final consolidation around $ 2.14 suggests a potentially new level of support, with the $ 2.14 closing price, representing a 0.5% gain over the hour despite the mid-time period cover.
