Near the protocol has been trapped in the cross streams of global economic uncertainty, with its price action that reflects wider market turbulence as investors navigate complex geopolitical developments.
Cryptocurrency experienced considerable volatility over the last 24 hours and established a trade area between $ 2.38 and $ 2.49.
The token’s performance reflects the tension in traditional markets, where escalating trade with US-China disputes threaten global supply chains and creates special uncertainty for technology-focused assets as near.
Meanwhile, the European Central Bank’s signals against potential action cuts in the midst of slow inflation give a mixed view of digital assets as monetary policy switches over larger economies.
Adding to the market complexity has intensified the Middle East -conflicts triggered new sanctions affecting oil prices, which has further contributed to the market’s volatility reflected in Near Price swings.
Technical analysis
- High volume support zone formed about $ 2.38- $ 2.40, with consistent buyer intervention below 09: 00-11: 00 TIME Frame of volume above average over 2.5 million units.
- Falling resistance trendline established after reaching $ 2,481 at. 01:00, which indicates sustained bearish momentum despite improvement attempts.
- Bullish Surge from $ 2,399 to $ 2,439 (1.67% gain) in the last hour with a remarkable resistance breakthrough to $ 2,420 followed by consolidation near $ 2,435.
- Sharp withdrawal to $ 2,399 at. 14:00 before he got to $ 2,414, which suggests strong buying interest of $ 2,400 support level.
- Price stabilization within a narrower range indicates potential continuation of upward movement if the volume support remains strong.
Disclaimer: Parts of this article were created using AI.
