12 hours ago
NEAR Protocol slid sharply connected Monday arsenic aggravated selling unit gripped the market, with the token breaking captious enactment levels contempt surging trading volumes. The retreat comes arsenic Bitcoin shows renewed strength, overshadowing past week’s “altcoin season” that saw smaller tokens concisely outperform the starring cryptocurrency.
During the 24-hour play ending 22 July 14:00 UTC, NEAR fell 6% from $3.07 to $2.88, trading wrong a volatile $0.21 range. Heavy absorption astir $3.05–$3.06 thwarted bullish attempts, portion impermanent enactment adjacent $2.87–$2.92 failed nether repeated retests.
The diminution accelerated successful the last hr of trading, arsenic NEAR slipped from $2.95 to $2.89 betwixt 13:09 and 14:08 UTC. Massive measurement spikes astatine 13:32 and 13:52 pushed done captious enactment levels astatine $2.93 and $2.90, cementing a bearish momentum that is raising questions astir the sustainability of caller altcoin gains.
Key Technical Indicators
- 24-Hour Price Action: Down 6% from $3.07 to $2.88; $0.21 trading scope (~7% volatility).
- Resistance: Heavy-volume rejections astatine $3.05–$3.06.
- Support Levels: Temporary enactment astatine $2.87–$2.92, aboriginal broken.
- Volume: Exceeded 24-hour mean of 3.89M; spikes of 267,564 and 296,686 units during cardinal breakdowns.
- Final Hour Move: 2% driblet from $2.95 to $2.89; utmost volatility and crisp selloffs.
- Critical Failures: Supports astatine $2.93 and $2.90 breached, mounting caller league lows.
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