Latest news with #NEARProtocol
Yahoo
2 days ago
- Business
- Yahoo
NEAR Protocol Surges 5% After Forming Bullish Support Pattern
Global markets are navigating heightened uncertainty following a public spat between U.S. President Donald Trump and Tesla CEO Elon Musk. NEAR Protocol has demonstrated resilience amid this volatility, recovering from a sharp 5.2% decline to establish support at $2.42. The recent price action shows promising signs of accumulation, with increasing volume on the second test of support forming a potential double bottom pattern on short time frames. This technical structure, combined with the successful break above the $2.46-$2.47 resistance zone, suggests buyers are regaining control despite broader market turbulence. NEAR's recovery may indicate growing institutional confidence in blockchain infrastructure projects with real-world utility. NEAR-USD exhibited substantial volatility over a 24-hour period, with a range of 0.132 (5.2%) between the high of 2.547 and low of 2.415. The asset experienced a sharp decline during the 20:00 hour on June 4th, establishing a key support level at 2.423 with above-average volume of 2.69M. A potential double bottom pattern formed with increasing volume on the second test of support, suggesting accumulation at lower levels. Resistance established around 2.462-2.470, with the current recovery approaching this critical zone. In the last hour, NEAR-USD demonstrated significant bullish momentum, climbing from 2.433 to 2.455, representing a 0.9% gain. Price action formed a clear uptrend with notable volume spikes at 07:15 (206K) and 07:37 (120K), indicating strong buyer interest. A temporary peak of 2.462 was reached at 07:34 before a sharp pullback to 2.445, establishing a new support level. Recovery from this dip culminated in a final push to 2.458 at 07:54, followed by consolidation around 2.455. 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. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
NEAR Surges 5% After Forming Bullish Support Pattern
Global markets are navigating heightened uncertainty as trade disputes between major economies intensify. NEAR Protocol's NEAR has demonstrated resilience amid this volatility, recovering from a sharp 5.2% decline to establish support at $2.42. The recent price action shows promising signs of accumulation, with increasing volume on the second test of support forming a potential double bottom pattern. This technical structure, combined with the successful break above the $2.46-$2.47 resistance zone, suggests buyers are regaining control despite broader market turbulence. As central banks weigh inflation concerns against economic growth, NEAR's recovery may indicate growing institutional confidence in blockchain infrastructure projects with real-world utility. NEAR-USD exhibited substantial volatility over a 24-hour period, with a notable range of 0.132 (5.2%) between the high of 2.547 and low of 2.415. The asset experienced a sharp decline during the 20:00 hour on June 4th, establishing a key support level at 2.423 with above-average volume of 2.69M. A potential double bottom pattern formed with increasing volume on the second test of support, suggesting accumulation at lower levels. Resistance established around 2.462-2.470, with the current recovery approaching this critical zone. In the last hour, NEAR-USD demonstrated significant bullish momentum, climbing from 2.433 to 2.455, representing a 0.9% gain. Price action formed a clear uptrend with notable volume spikes at 07:15 (206K) and 07:37 (120K), indicating strong buyer interest. A temporary peak of 2.462 was reached at 07:34 before a sharp pullback to 2.445, establishing a new support level. Recovery from this dip culminated in a final push to 2.458 at 07:54, followed by consolidation around 2.455. 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 Surges 4.6% as Volume Spikes Amid Volatility
The latest round of tariffs between economic superpowers has particularly affected technology-related assets, with NEAR Protocol's NEAR NEAR experiencing significant price volatility amid the uncertainty. Meanwhile, central banks are navigating a complex landscape of slowing growth and persistent inflation concerns, creating a challenging environment for both traditional and digital asset markets. Notable volume surge occurred during the 13:00-15:00 timeframe when price broke above the $2.53 resistance level, with volume exceeding 3 million units in consecutive hours, confirming strong buyer conviction. Price action formed a cup-and-handle pattern with support established at $2.49-$2.50, while the late session recovery from the 21:00 dip suggests renewed buying interest. In the last hour, NEAR-USD continued its bullish momentum with a significant price surge from $2.541 to $2.562, representing a 0.82% increase. A notable breakout occurred at 01:25-01:26 when price jumped above $2.55 with volume exceeding 116,000 units, confirming strong buyer conviction. The hourly chart shows the formation of an ascending channel with support at $2.547 and resistance at $2.562, suggesting potential continuation toward the $2.58-$2.60 range if current momentum persists. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
NEAR Struggles to Break Free From Bearish Momentum Despite Support
NEAR Protocol has been caught in the crosscurrents of global economic uncertainty, with its price action reflecting broader market turbulence as investors navigate complex geopolitical developments. The cryptocurrency experienced significant volatility over the past 24 hours, establishing a trading range between $2.38 and $2.49. The token's performance mirrors the tension in traditional markets, where escalating US-China trade disputes threaten global supply chains and create particular uncertainty for technology-focused assets like NEAR. Meanwhile, the European Central Bank's signals toward potential rate cuts amid slowing inflation provide a mixed outlook for digital assets as monetary policy shifts across major economies. Adding to the market complexity, intensifying Middle East conflicts have triggered new sanctions affecting oil prices, further contributing to the market volatility reflected in NEAR's price fluctuations. High-volume support zone formed around $2.38-$2.40, with consistent buyer intervention during the 09:00-11:00 timeframe on above-average volume exceeding 2.5 million units. Descending resistance trendline established after reaching $2.481 at 01:00, indicating persistent bearish momentum despite recovery attempts. Bullish surge from $2.399 to $2.439 (1.67% gain) in the final hour, with a notable resistance breakthrough at $2.420 followed by consolidation near $2.435. Sharp pullback to $2.399 at 14:00 before recovering to $2.414, suggesting strong buying interest at the $2.400 support level. Price stabilization within a narrower range indicates potential continuation of upward movement if volume support remains strong. Disclaimer: Parts of this article were created using AI. 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
The Sun
27-04-2025
- Business
- The Sun
Luno Malaysia adds Algorand and NEAR Protocol to its digital asset offerings
PETALING JAYA: Luno Malaysia has expanded its list of digital assets with the launch of two new coins – Algorand and NEAR Protocol. The launch is also the first batch of digital assets approved by the Securities Commission Malaysia this year for both Luno and the country. The two new coins bring Luno's digital asset offerings in Malaysia to 20. The widened offering enables investors to explore more of the crypto ecosystem and diversify their portfolios safely and securely. Algorand is an eco-friendly blockchain enabling fast, low-cost transactions and scalable, secure decentralised applications (dApps), aiming for a sustainable, borderless digital economy while NEAR Protocol is a fast, scalable blockchain with low-cost transactions, high throughput, and user-friendly tools for dApp development, focused on decentralisation and sustainability. Luno country manager for Malaysia, Scarlett Chai, said, 'In 2024, Luno led the approval of seven digital assets with the Securities Commission Malaysia. We aim to double that this year, starting with these two digital assets. The team is actively engaging the regulator to launch new digital assets expeditiously/' She said the addition of two new digital assets expands the platform's total assets to 20, while the recent milestone of surpassing one million customers reinforces Luno's position as Malaysia's leading regulated digital asset exchange. In addition to the launch of ALGO and NEAR, Luno is broadening its Staking feature to include NEAR in the coming weeks. NEAR Staking would allow customers to earn up to 7% per annum in passive rewards, which are earned daily. 'Our recent staking launch of Polkadot and the upcoming NEAR Protocol rearm Luno's commitment to growing Malaysia's digital asset landscape by not only making digital asset investments a safe and accessible option, but also being innovative by enabling our customers to grow their holdings,' said Chai. Today, Luno is the country's only regulated digital asset exchange, providing customers with staking services for Ethereum, Solana, Cardano, Polkadot and, soon, NEAR Protocol.
