Near the protocol, a strong upward momentum experienced between 12 August 16:00 and 13 August 15:00, climbing from $ 2.75 to $ 2.91 for a gain of 5.82% at trading volumes exceeding $ 7.6 million. Institutional influxes played a key role in which cryptocurrency breaks more resistance levels and established fixed support for $ 2.76. Volume tips During breakout phases twice exceeded the 24-hour average, reflecting increased market shords and positioning near a potential step towards $ 3.00 psychological threshold.
Over the past 60 minutes from August 13, 14:40 to 15:39, nearly remarkable volatility, and withdrew from $ 2.92 to $ 2.91 after hit a $ 2.94 session high and a low of $ 2.88. Resistance rejection of $ 2.94 coincided with a sharp sale at. 15:09, where quantities exceeded 396,000. This was followed by stabilization in the range $ 2.90- $ 2.91 with falling volumes, indicating a temporary balance after an intense price discovery phase.
Wider market dynamics favored near as part of a trend against LAG-1 blockchain infrastructure playing in a recovery phase. Global Cryptocurrency Investment Products experienced $ 572 million in influx, with almost attractive remarkable investor interest with Solana and XRP. The protocol’s user base reached 16 million weekly active participants-up 18.4% and surpassed Solana’s 14.8 million-supported by strategic partnerships with Aurora Labs and expanded developer engagement and emphasized its strong long-term growth opportunities.
Technical indicators overview
- Robust support established at $ 2.76 with significant volume confirmation during the early morning time.
- Resistance level identified near $ 2.94 with multiple rejection attempts observed.
- Volume tops exceeded 7.6 million in breakout phases, significantly above the 24-hour average of 3.5 million.
- Persistent course with consistently higher low formation continues to indicate bullish atmosphere.
- Classic resistance’s rejection pattern at $ 2.94 level with significant volume tips above 396,000.
- Consolidation around $ 2.90- $ 2.91 range with a diminished volume suggests temporary equilibrium.
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