Latest news with #NEARProtocol
Yahoo
a day ago
- Business
- Yahoo
NEAR Protocol Posts 5% Recovery Amid Volatility Surge
NEAR Protocol climbed 5% from $2.47 to $2.60 in the 24-hour period ending 7 August at 14:00 UTC, exhibiting strong resilience amid broader market turbulence. Institutional accumulation helped fuel a recovery rally after early-session lows, with price action coalescing between $2.48 and $2.52 before a sharp upside break around 10:00 UTC, supported by 3.36 million in trading volume. The asset's advance, partially influenced by global risk-off sentiment, reflected investors' pivot to alternative assets during heightened geopolitical and macroeconomic uncertainty. Late-Session Sell-Off Caps Bullish Momentum Despite its earlier strength, NEAR's final hour of trading—from 13:06 to 14:05 UTC—witnessed a surge in volatility that erased most intraday gains. After briefly testing resistance at $2.61, a spike in volume between 13:39 and 13:42 coincided with profit-taking behavior. Selling pressure shaped a descending channel, with price retreating to close at $2.60, slightly above fresh support near $2.598. The move signals possible short-term exhaustion, as institutional distribution may be limiting further upside despite earlier accumulation. Macro Conditions Continue to Shape Market Dynamics The backdrop of NEAR's performance remains heavily influenced by shifting macroeconomic forces. As major economies recalibrate monetary policy in response to inflationary effects from ongoing trade disputes, institutional flows into digital assets like NEAR have intensified. The cryptocurrency's intraday pullback mirrors broader market hesitation, as participants digest global policy shifts and their implications for crypto-market structure and risk appetite. Technical Indicators Analysis NEAR Protocol demonstrated considerable resilience during the preceding 24-hour period from 6 August 15:00 to 7 August 14:00, recovering from early session nadirs of $2.47 to close at $2.60, representing a compelling 5% gain. The cryptocurrency exhibited a classic accumulation pattern throughout the initial 18 hours, consolidating between $2.47-$2.52 before surging dramatically at 10:00 on 7 August with exceptional volume of 3.36 million units—approaching threefold the 24-hour average of 1.20 million. This breakout established robust support at $2.51 and resistance proximate to $2.61, with the pronounced price expansion suggesting institutional accumulation followed by momentum-driven purchasing that could extend towards $2.65-$2.70 based upon measured move projections. 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. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
NEAR Protocol Registers Volume-Backed Breakout Amid Broad Market Consolidation
NEAR Protocol posted a notable intraday breakout on August 6, climbing from $2.44 to $2.47 within an hour as it pierced key resistance near $2.495. The move followed accumulation around $2.448 and was confirmed by a sharp volume spike—over 101,000 units at 13:31 UTC and above 150,000 in the 13:36–13:40 window—validating bullish momentum. The token closed the session near $2.466, establishing a new support zone and reflecting sustained institutional interest. Across a broader 23-hour window, NEAR traded between $2.387 and $2.517, recovering from early-session lows with a surge that brought daily volume to 3.44 million—more than double the average. Analysts cite increasing developer integration and cross-chain initiatives, including pilot work with Cardano, as drivers of long-term upside. With price consolidating above $2.44, NEAR remains positioned for further gains if support holds. Trading bandwidth of $2.387 to $2.517 reflecting 5% total range during consolidation timeframe. Volume-validated support formed around $2.390 with 3.44 million units traded. Resistance zones identified at $2.454, $2.460, and $2.495 successfully penetrated during breakthrough. Price consolidation above $2.440 reflects strong technical foundation. Volume expansion periods surpassing 150,000 units validated breakthrough legitimacy. Fresh support foundation formed approximately 2% above session opening levels. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
NEAR Protocol Surges 4% Amid Institutional Activity and Ecosystem Expansion
NEAR Protocol delivered a standout performance during the 24-hour trading window from August 3 at 15:00 to August 4 at 14:00, rallying 4.20% from $2.43 to $2.53. This price action was driven by a sharp uptick in trading activity, notably during the final hour when volume spiked to 2.7 million tokens—more than double the daily average. The rally underscores growing institutional interest, evidenced by consistent high-volume accumulation zones and a decisive breakout that breached several key resistance levels. Contributing to NEAR's momentum was fresh progress in its ecosystem. Aurora Labs showcased five early-stage startups from its Aurora Blocks Incubator, each building EVM-compatible Virtual Chains powered by NEAR's infrastructure. These initiatives signal a maturing development pipeline and increasing demand for scalable, interoperable blockchain solutions anchored in the NEAR ecosystem. Meanwhile, Subzero Labs emerged from stealth with a $20 million funding round led by Pantera Capital. The team, featuring former NEAR contributors, is developing Rialo—a network poised to deepen the protocol's infrastructure layer. Technical indicators reinforced NEAR's bullish tilt, particularly in the final hour of trading, where the token climbed 1.80% from $2.48 to $2.53. A sharp move at 13:35 from $2.48 to $2.50 on robust volume catalyzed a breakout above successive resistance points, ending in a surge past $2.53 just minutes before the session close. With strong support now confirmed at $2.47 and high-volume resistance at $2.53, the market appears primed for a near-term continuation toward the $2.55–$2.60 price band. Price delivered a robust 4.20% advance from $2.43 to $2.53 throughout the 24-hour session from 3 August 15:00 to 4 August 14:00. Total trading range expanded to $0.11 representing 4.48% intraday volatility. Notable breakout materialized at 4 August 00:00 with price movement from $2.45 to $2.50. Outstanding volume of 1,892,255 tokens documented, substantially above the 24-hour average of 1,299,394. Solid high-volume resistance confirmed at $2.50 with reliable support at $2.47. Concluding hour advance to $2.52 on volume of 2,717,159 tokens, exceeding double the typical average. Supplementary 1.80% gain throughout final 60 minutes from 4 August 13:08 to 14:07. Decisive breakout at 13:35 with price surge from $2.48 to $2.50 on 124,249 tokens volume. Sequential resistance levels overcome at $2.50, $2.51, and $2.52. Ultimate advance to $2.53 between 14:03-14:05 on volume surpassing 100,000 tokens per minute. Prospective continuation objectives identified toward $2.55-$2.60 zone. 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.
Business Insider
31-07-2025
- Business
- Business Insider
Bitget Lists Rhea Finance (RHEA) for Spot Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the addition of Rhea Finance (RHEA) will be listed in the Innovation Zone, for spot trading. Rhea Finance is a decentralized liquidity hub on NEAR born from the merger of Ref Finance and Burrow Finance. Trading for the RHEA/USDT pair started on 30 July 2025, 14:00 (UTC), with withdrawals available from 31 July 2025, 15:00 (UTC). Rhea represents the next chapter of DeFi innovation on the NEAR Protocol, formed through the strategic merger and rebrand of NEAR's two leading protocols: Ref Finance and Burrow Finance. This unification is designed to reinvigorate the NEAR DeFi ecosystem by creating a streamlined foundation to accelerate the growth of future decentralized finance projects on the network. Positioned as NEAR's primary liquidity hub, Rhea functions as a chain-abstracted liquidity layer that supports deep protocol integrations and community-driven incentive models. Built on NEAR's advanced tech stack, including Chain Abstraction and an AI-powered framework, Rhea is engineered to enhance liquidity access, interoperability, and user engagement across the NEAR ecosystem. Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broadening its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of Rhea into Bitget's portfolio marks a significant step toward expanding its ecosystem by embracing next-generation DeFi infrastructure and revitalizing liquidity on the NEAR Protocol. By supporting Rhea's unified approach, Bitget strengthens its commitment to scalable, efficient, and innovative financial solutions across diverse blockchain ecosystems. For more details on Rhea, users can visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world's most thrilling championships. For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Yahoo
31-07-2025
- Business
- Yahoo
NEAR Protocol Retreats 3% Amid Liquidation Cascade
NEAR Protocol registered a 3% decline from $2.84 to $2.75 throughout the 24-hour period, with valuations consolidating within a $0.18 bandwidth before pronounced terminal-hour liquidation catalysed a breach through established support parameters. NEAR Protocol demonstrated a consolidation pattern throughout the preceding 24-hour session from 28 July 15:00 to 29 July 14:00, transacting within a $0.18 range between $2.67 and $2.86, representing a 7% aggregate range. The cryptocurrency exhibited bearish inclinations with valuations declining from $2.84 to $2.75, constituting a 3% depreciation across the period. During the concluding 60 minutes from 29 July 13:06 to 14:05, NEAR Protocol underwent a dramatic reversal from the preceding consolidation framework, experiencing an acute 2% decline from $2.78 to $2.73. Valuations transacted within a $0.18 range between $2.67-$2.86, representing 7% aggregate volatility. Critical resistance emerged at $2.83 where valuations reversed lower on multiple occasions. Support materialised around the $2.73-$2.75 zone with notable volume surges during recovery endeavours. Transactional volumes exceeded 175,000 during peak selling periods from 13:50-13:52. Trading patterns suggest market indecision with diminishing volatility towards session conclusion. Breakdown characterised by significantly elevated volume during descent, indicating institutional liquidation activity. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
