“Near Protocol Wipsawed Through A $ 0.12 Range Before A Late Selloff Drove Prices to Key Support, As Institutional Crypto Inflows Signal Resilience Amid Broader Market.”, – WRITE: www.coindesk.com
The Late Decline Capped a volatile 23-Hur Stretch from August 10–11, with Near Swing Between $ 2.696 and $ 2.817. Despite Recovering from Early Lows, It Closed At $ 2.729, Down 1.25% Overall. The WIPSAW ACTION REFLECTS BROADER CAUTION IN CRYPTO Markets, WHERE HEOOPOLITICAL TENSIONS AND SHIFTING TRADE Policies Have Kept Traders on Edge.
Even as Short-Term Sentiment Wavered, Digital Asset Investment Products Drew $ 572 Million in Inflows -led by Ethereum ($ 268M) and Bitcoin Payrol-Driven Outflows. Apex Invest Digital’s Partnership with Coinbase Asset Management for A Swiss Institutes Program Added to Signs of Accelection Mainstream Adoptation.
Near’s Ability to Hold Support Suggests Potential Stabilization If Selling Eases, Thought Traders May Wait for Fresh Catalysts Before Re-Engaging. Strong Institutional Inflows Could Help Offset Macroconomic Headwinds, But The Token Remains Sensitive to Global Developments, Making IT A Key Gauge.
Near/USD (TradingView)
Key Technical Indicators
- Near exhbits significant volatility during 23-hour august 10-11 session, Trading $ 0.12 Range (4%) Between $ 2.70 Low and $ 2.82 Peak.
- Cryptocurrency Demonstrates Recovery Pattern, Deckling to $ 2.71 Before Staging Rally to $ 2.82 at August 11 02:00, Supported By Elevated 3.99 Milion Unit Volume.
- Key Resistance Emerges at $ 2.82 Level Triggering Reversal on High Volume, While Support Materializes Near $ 2.70- $ 2.71 with Multiple Successful Bounces.
- Near Continutes Valatile Tradecytory Durying Final 60 Minutes from August 11 09:14 to 10:13, Experienceing Pronounced $ 0.027 (-1%) Decline from $ 2.76 to $ 2.76.
- Session Characterized by Persenti Selling Pressure with Failed Recovery Attempts, Notably ARUOUND $ 2.77 at 09:32 Despite Elevated 81,064 -unit Volume AT 09:56.
- Key Support Levels Emerge AUND $ 2.73 Zone Stabilization Decline, While Session Concludes with ConsECumental Zero-Volume Minutes Suggesting Market Exhaustion.
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