“Despite Market Uncertainty, Near Finds Strong Support at $ 2.11 Level While Testing Key Resistance.”, – WRITE: www.coindesk.com
Near/USD (Coindeskdata)
- Near Protocol Surges 4.5% Amid Global Trade Disports, Showing Resiliency Despite Broader Market Uncertain.
- Rising TENSION BETWEEN IRAN AND ISRAEL HAS CREATED VALATITY ACross Cryptocurrency Markets, with Near Establishing Strong Support at $ 2.11- $ 2.12.
Near Protocol Has Demonstrated Remarkable Resilience, Climbing 4.5% with Significant Volume Support Around the $ 2.11- $ 2.12 Range.
This Performance Comes As Traditional Markets Struggle to Find Direction Amid Conflicting Economic Signals.
Near’s Strong Performance Coincides with Heigheted Trading Activity, Particularly Dringing Peak Hours Who Volume Reached 5.14m Units. The token Continues to Test Resistance at $ 2.20, Suggesting Continued Interest Despite Broader Economic Conceerns.
Technical Analysis
- Near-USD Experienced A Significant Bullish Breakout, Climbing from $ 2.124 to $ 2.170, with A notable 24-HOUR Range of $ 0.095 (4.5%).
- A Clear High-Volume Support Zone ForMed AROUND $ 2.110- $ 2.120, WHERE BUYERS CONSIVIUATIUPED IN, PARTICULARLY During the 18: 00-20: 00 TimeFrame WHEN VOLUME PEAKED AT.
- Key Resistance Level Emerged at $ 2.205- $ 2.210, Tested Twice Buting to Break Through, Suggesting Potential Consolidation Before The NEXT Leg Up.
- Overall Trend Remains Bullish with Higher Lows Forming a Support Trendline, Thought Recent Hours Show DecreASING MOMENTUM THAT WARRANTS CAUTION.
- In the Last Hour, Near-USD Continued It Bullish Momentum with Significant Price Action Between $ 2.169 and $ 2.173, Forming A Higher Low Pattern that Reinforces the Broader Up.
- Notable Volume Spikes Occurred at 13:21 and 13:39, with Over 65,000 and 83,000 Units Respectively, Indicating Strong Buyer Interest at these Levels.
- Price successfully tested and Held Above the $ 2.170 Support Zone Multiple Times, Culminating in a Final Push to $ 2.173 by the End of the Period, Suggesting Continued Bullish. Phases.
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