NEAR Protocol Faces Heavy Institutional Selling, Recovers Slightly Amid Ongoing Volatility
Main Idea
NEAR Protocol experienced significant volatility due to institutional selling, dropping 7% before recovering slightly to $2.83, with trading volume easing to around 100,000 tokens per minute.
Key Points
1. NEAR Protocol's price fluctuated between $2.78 and $3.05 before settling at $2.83 after a 7% drop driven by institutional selloff.
2. The decline was marked by a drop from the $3.05 resistance level to the $2.75 support level.
3. Following the selloff, NEAR gained 0.35% to $2.83, trading within a narrow range of $2.81 to $2.85.
4. Trading volume decreased to approximately 100,000 tokens per minute, indicating reduced market activity.
5. The article mentions heightened volatility in the 24-hour period ending August 14, 2025, at 14:00 UTC.
Description
NEAR Protocol saw heightened volatility in the 24 hours ending August 14 at 14:00 UTC, with prices fluctuating between $2.78 and $3.05 before settling at $2.82. The decline from the $3.05 resistance to $2.75 support was driven by heavy institutional selling, totaling nearly 20 million tokens during peak pressure. Despite this, the asset’s fundamentals remain strong, supported by a sizable active user base of 16 million weekly participants. In the hour following the selloff, NEAR gained 0.35% to ...
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