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NEAR Surges 7% in Strong Bullish Recovery Rally
NEAR Protocol's exceptional trading volume of 5.82 million units signals sustained institutional accumulation above key resistance levels.
Jul 14, 2025, 3:49 p.m.
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What to know:
- NEAR rallies 6.7% to $2.66, driven by altcoin momentum as Bitcoin hits a record $123K.
- Technical breakout confirmed, with support at $2.51, a V-shaped reversal, and a volume spike over 143K units.
- Key levels: resistance flipped to support at $2.62–$2.64; next targets lie at $2.70–$2.72.
NEAR rallied by 6.7% in the past 24 hours as altcoins begin to heat up following bitcoin's fresh record high at $123,000.
As investors anticipate a potential "altcoin season" several tokens like NEAR are reaping the rewards. NEAR jumped from $2.55 to $2.66 in the past 24 hours, representing a 7% range.
STORY CONTINUES BELOW
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Support held firm at $2.51 before a breakout at 01:00 UTC driving prices up to $2.69 over the subsequent four hours.
It's worth noting that NEAR remains well below its 2024 high of $9.00, which was spurred by hype around AI tokens following the launch of apps like chat bot apps like ChatGPT.
Technical Indicators Summary
- Support confirmed at $2.51 during consolidation phases.
- Buying pressure maintains above $2.62-$2.64 resistance-turned-support.
- Higher lows pattern establishes throughout recovery phase.
- V-shaped reversal completes with 143,188-unit volume spike.
- Breakout above $2.67 confirms bullish continuation.
- Next resistance targets $2.70-$2.72 levels.
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.
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