NEAR Protocol Gains 5% Amid Surge in Trading Volume
2025-07-10 17:37:57
Main Idea
NEAR Protocol's token price increased by 5% amid a surge in trading volume, coinciding with Bitcoin reaching a new record high of $112,000.
Key Points
1. NEAR token price rose from $2.26 to a peak of $2.38, marking a 5.04% gain.
2. Trading volume spiked to 4.62 million units during the July 9 7:00 PM hour, nearly triple the session average of 1.73 million.
3. Strong technical support was established at the $2.29 level, with a new support zone forming around $2.34.
4. Institutional profit-taking patterns were observed during the 3:41-3:42 PM period.
5. The price movement occurred alongside Bitcoin's new record high of $112,000, as the market anticipates an altcoin season.
Description
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 bitc...
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