NEAR Protocol Gains 5% Amid Surge in Trading Volume

NEAR traders are demonstrating bullish sentiment over the past 24 hours, with the token advancing from $2.26 to a session high of $2.38 before settling near $2.34.

The $0.12 trading range represented a notable 5.04% gain, with peak activity occurring during the July 9 7:00 PM hour when trading volume reached 4.62 million units—nearly triple the session average of 1.73 million—indicating substantial participation and establishing technical support at the $2.29 level.

The move comes alongside bitcoin’s recent break of $112,000, a new record high as the industry remains patient for a long-awaited altcoin season.

Technical Indicators Analysis

• Price range of $0.12 representing 5% movement from $2.26 to $2.38 peak.
• Volume surge to 4.62 million units during July 9 7:00 PM hour, exceeding 23-hour average of 1.73 million.
• Strong technical support established at $2.29 level.
• New support zone formed around $2.34 following recovery.
• Institutional profit-taking patterns observed during 3:41-3:42 PM timeframe.
• Strategic buying activity confirmed underlying bullish sentiment.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.