“Despite the Launch of a near etp, the Token Faces Significant Selling Pressure Amid Broader Market Uncertain.”, – WRITE: www.coindesk.com
The Sell-Off Comes Durying A Muted Day for Cryptocurrencies with Bitcoin Also Falling Back from Its Test of a New Record High.
The Launch of Bitwise’s Near Staking etp Marks A Significant Milestone for Institutional Adoption of the Protocol, ALLOWING REGULATED INVESTORS TO GAIN Exposure.
Technical Analysis
- Near was experienced a substantantial decline of $ 0.124 (5.42%) Over The 24-Hour Period from 3 July 15:00 to 4 July 14:00, with Price Droping from $ 2.294 to $ 2.170.
- The Asset Establissed A Clear Resistance Zone AROUND $ 2.290- $ 2.298 with Multiple Rejects, While Breaking Below Key Support at $ 2.220 On Heavy Volume (2.7M) Durying Theater.
- The Bearish Momentum Intensified with A Volume Spike to 2.83m at 07:00 WHEN PRICE REACHED ITS LOWEST Point at $ 2.172, Forming A Potential Double Bottm. Stabilization Despite the Overall Negative Trend.
- During the Last 60 minutes from 4 July 13:06 to 14:05, Near ExperienCed Significant Valativity with A Net Decline of $ 0.018 (0.82%), Droping from $ 2.192 to $ 2.170.
- The Asset Established a Clear Resistance at $ 2.177 with Multiple Rejects, While Showing Notable Selling Pressure at 13: 37-13: 39 WHEN PRICE PLUMMETED FROM $ 2.174.
- A Brief Recovery Attempt Occurred At 13:53 with a spike to $ 2.175 on Substantial Volume (77k), But Mmentum Failed to Sustain, with Price Ultimaty Into. $ 2.169- $ 2.171 in the Final Minutes of the Period.
CD20 Index Plunges 2% As Bearish Momentum Accelerates
The CD20 Index Experienced Significant Downward Pressure in the Last 24 Hours from 3 July 17:00 to 4 July 16:00, Droping from $ 1.788.41 to $ 1,756.06
The Overall Trading Range Durying This Period Was $ 45.74 (2.56%), with The Peak of $ 1,801.60 OCCURRING ON 3 JULY 21:00 Followed BY Consistent Selling Press. Sharply by Nearly $ 15 Within A Single Hour.
X Icon
All Content Produced by Coindesk Analytics is Undergoes Human Editing by Coindesk’s Editorial Team Before Publication. The Tool Synthesizes Market Data and Information from Coindesk Data and Other Sources to Create Timely Market Reports, with All External Sources Clearly Attributed Within Each.
Coindesk Analytics Operates Under Coindesk’s AI Content Guidelines, WHICH PRIORITIZE Accuracy, Transparency, and Editorial Oversight. Learn more about Coindesk’s Approach to Ai-Generated Content In Our Ai Policy.
