NEAR Protocol Suffers 3% Decline Before Recovering on Significant Volume
2025-07-15 16:32:20
Main Idea
NEAR Protocol experienced a 3% decline before recovering on significant trading volume, with potential price targets identified for both bullish and bearish scenarios.
Key Points
1. NEAR Protocol lost 3% of its value on Tuesday but recovered from $2.54 to $2.56 at 13:00 UTC.
2. The token is currently trading at $2.52, holding above the $2.50 support level.
3. A drop below $2.48 could lead to further downside to $2.34, while a bullish breakout above $2.70 could target $2.91 and $3.12.
4. The initial decline coincided with a market-wide sell-off, including a drop in BTC.
Description
NEAR lost 3% of its value on Tuesday after demonstrating an impressive recovery at 13:00 UTC, rising from $2.54 to $2.56 in a move that nullified the previous drawdown. The AI token is currently trading at $2.52 as it continues to hold above the $2.50 level of support. A drop below $2.48 would pave the way for downside extension all the way down to $2.34, which was the base of last Thursday's rally. A bullish breakout would occur if prices surpass Monday's high of $2.70, which was incidentally a...
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