July 17, 2025
Near Surges 8% As Altcoins Turn Bullish thumbnail
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Near Surges 8% As Altcoins Turn Bullish

The Move Comes Amid A Strong Move Across The Entire Altcoin Market on Wednesday.”, – WRITE: www.coindesk.com

The Move Comes Amid A Strong Move Across The Entire Altcoin Market on Wednesday. Updated Jul 16, 2025, 4:56 pm Publissed Jul 16, 2025, 4:55 pm

Near/USD (Coindesk Data)Near/USD (Coindesk Data)

What to Know:

  • Near Protocol Surged 3% in 24 Hours from $ 2.60 to $ 2.68, Extending Itly to 45% Since June 17 Amid Growing Optimism in Altcoins.
  • Bitwise’s Ai Aigle Fuels Momentum, Highlighting Near’s Vision for “Billions of AI Ai Agents” Managing Capital, Contribution to the Sector’s $ 33.64B Market Cap.
  • Key Levels and Volume Spikes Oserved, with Resistance at $ 2.70- $ 2.72, Support At $ 2.56- $ 2.62, and High Trading Activity Peaking at 5.81m Tokens.
Near Protocol Exhibited Pronounced Bullish Momentum Over The Past 24 Hours, Ascending from $ 2.60 to $ 2.68.

Near is now up by 8% over the past few days having Surged by 45% Since Jun 17. The Move Reflects Optimism Across The Wider Altcoin Ecosystom, With Data Points Suggesting Suggesting Suggesting Suggesting Suggesting

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A Broader Artificial Intelligence (AI) Token Rally Has Propelled the Sector’s Aggregate Market Capitalization to $ 33.64 Billion.

Fund Manager Bitwise Also Published on Post on X About How The Near Protocol Wound Use “Billions of AI Ai Ai Ai” to Manage Capital And Execute Trades, Adding Fuel to Fuel.

Near USD (Coindesk Data)Near USD (Coindesk Data)

Technical Indicators Highlight Trading Patterns

  • Overall Trading Range Reached $ 0.16 Representing 5.89% of the Trading Range Dringing The 24-HOUR PERIODADER Examination.
  • High-Volume Surge of 5.81 Million Tokens Occurred at 16 July 14:00, Significantly Exceeding the 24-Hur Average of 2.55 Million TKENS.
  • Key Resistance Emerged AT $ 2.70- $ 2.72 Levels Whore Price Reversed On Elegated Volume Durying Peak Trading Hours.
  • Support Consolidated AROUND $ 2.56- $ 2.62 with Multiple Successful Retests Througout the Trading SESSION.
  • The Final 60 Minutes from 16 July 15:06 to 16:05 Demonstrated A Decline from $ 2.71 to $ 2.68 Representing A 1.11% Drop with A $ 0.05 Intrady Range.
  • Sharp Sell-Off Period Featured Elevated Volume Spikes Exceeding 230,000 tokens at 15:16 and 15:36 During the Consolidation Phase.

Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.

Oliver Knight

Oliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

CD Analytics

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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.

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