.png)
5 hours ago
1
NEAR buyers emerge at critical technical levels during volatile overnight trading session.
Updated Jul 8, 2025, 3:47 p.m. Published Jul 8, 2025, 3:47 p.m.
NEAR/USD (CoinDeskData)
What to know:
- NEAR shows institutional-grade resilience during volatile session. Support zone at $2.13 attracts consistent buying interest.
- Volume confirms accumulation with 2.55 million units traded during key bounce.
- Final trading hour delivers breakout momentum. Price action from 13:05 to 14:04 UTC demonstrates bullish conviction.
NEAR Protocol rallies 3% in 24-hour session ending July 8 at 14:00 UTC. Token climbs from $2.12 low to $2.19 close. Support holds firm at $2.13 level.
Buyers step in during overnight volatility. Volume spikes to 2.55 million units during 01:00-02:00 bounce. Price action confirms $2.13 as critical support zone.
Trading range spans $0.07, signaling healthy price discovery. Resistance breaks at $2.18 before final push to session highs. Final hour shows explosive momentum from 13:05 to 14:04 UTC.
NEAR jumps from $2.18 to $2.19 peak. Token gains 0.5% in 60-minute window. Multiple support retests at $2.17 level hold strong. Volume surges to 56,437 units at 13:42 breakout. Price smashes through $2.18 resistance barrier.
Technical analysis
- $2.13 support level proves resilient with consistent buyer emergence.
- Volume surge hits 2.55 million units during critical support bounce.
- $0.07 trading range confirms healthy price discovery mechanism.
- $2.18 resistance zone breaks after multiple tests.
- Support retests at $2.17 level show technical strength.
- Breakout volume spikes to 56,437 units at 13:42 UTC.
- New session highs established above $2.18 resistance threshold.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our 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 spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
CD Analytics
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
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 article.
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.
