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NEAR Protocol Gains 5% Amid Surge in Trading Volume
The move comes as bitcoin formed a new record high of $112,000.
Jul 10, 2025, 4:54 p.m.
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What to know:
- NEAR Protocol advanced 5.04% during the 23-hour session from July 9 at 4:00 PM to July 10 at 3:00 PM, rising from $2.26 to $2.38 before closing at $2.34.
- Trading volume of 4.62 million units during peak hours substantially exceeded the daily average of 1.73 million, establishing technical support at $2.29.
- Late-session volatility from July 10 at 2:58 PM to 3:57 PM demonstrated institutional profit-taking patterns followed by strategic buying, indicating continued bullish sentiment among sophisticated investors.
NEAR traders are demonstrating bullish sentiment over the past 24 hours, with the token advancing from $2.26 to a session high of $2.38 before settling near $2.34.
The $0.12 trading range represented a notable 5.04% gain, with peak activity occurring during the July 9 7:00 PM hour when trading volume reached 4.62 million units—nearly triple the session average of 1.73 million—indicating substantial participation and establishing technical support at the $2.29 level.
STORY CONTINUES BELOW
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The move comes alongside bitcoin's recent break of $112,000, a new record high as the industry remains patient for a long-awaited altcoin season.
Technical Indicators Analysis
- Price range of $0.12 representing 5% movement from $2.26 to $2.38 peak.
- Volume surge to 4.62 million units during July 9 7:00 PM hour, exceeding 23-hour average of 1.73 million.
- Strong technical support established at $2.29 level.
- New support zone formed around $2.34 following recovery.
- Institutional profit-taking patterns observed during 3:41-3:42 PM timeframe.
- Strategic buying activity confirmed underlying bullish sentiment.
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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