NEAR Protocol exhibited pronounced bullish momentum over the past 24 hours, ascending from $2.60 to $2.68.
NEAR is now up by 8% over the past few days having surged by 45% since Jun 17. The move reflects optimism across the wider altcoin ecosystem, with data points suggesting sustained upside.
A broader artificial intelligence (AI) token rally has propelled the sector’s aggregate market capitalization to $33.64 billion.
Fund manager Bitwise also published on post on X about how the Near Protocol would use “billions of AI agents” to manage capital and execute trades, adding fuel to Wednesday’s rally.
Technical Indicators Highlight Trading Patterns
- Overall trading range reached $0.16 representing 5.89% of the trading range during the 24-hour period under examination.
- High-volume surge of 5.81 million tokens occurred at 16 July 14:00, significantly exceeding the 24-hour average of 2.55 million tokens.
- Key resistance emerged at $2.70-$2.72 levels where price reversed on elevated volume during peak trading hours.
- Support consolidated around $2.56-$2.62 with multiple successful retests throughout the trading session.
- The final 60 minutes from 16 July 15:06 to 16:05 demonstrated a decline from $2.71 to $2.68 representing a 1.11% drop with a $0.05 intraday range.
- Sharp sell-off period featured elevated volume spikes exceeding 230,000 tokens at 15:16 and 15:36 during the consolidation phase.
