What’s the deal?
- So NEAR shoots up 5.82%, from $2.75 to $2.91. Why? Because apparently, people dumped $7.6 million institutional money into it. You break resistance, break it again, break it some more-like a stubborn bathroom lock- and now everyone’s pretending $2.76 is the fortress. Big volume, big drama. 🎬
- Then-oh boy-the last hour on August 13. NEAR’s like a caffeinated squirrel: bounces between $2.94 and $2.88, settling at $2.90-$2.91 after getting smacked down at $2.94. Somebody dumped at 15:09 (because why not?), 396k+ in volume, then everyone just stood around like, “Now what?” 🐿️💸
- Crypto market pulls in $572 million globally, NEAR gets a neat slice. Weekly users jump 18.4% to 16 million-take that, Solana, who’s lagging behind like a broken Segway. Partnerships here, developers there, Layer-1 hype everywhere. No, you still can’t pay for bagels with it.🥯
The NEAR Protocol spent one thrilling day shooting up from $2.75 to $2.91-the sort of gain that makes day traders throw their laptops out the window in excitement, then immediately regret everything during the inevitable crash. Institutional money comes pouring in-$7.6 million, like one of those relatives who only show up when they hear there’s free food. Breakouts, volume surges, everyone’s acting like this is the second coming of Bitcoin, except instead of “to the moon” it’s more like “to the curb, then a little bit back up.” 🚦
And don’t get me started on that last hour! Price swings, resistance at $2.94 slams NEAR in the face like an automatic door that doesn’t open. Volume at 15:09 goes berserk-396,000 traded in a single minute. Settles down, price flattens out, the excitement fizzles like bad seltzer. You could almost hear the collective sigh: “Eh, maybe tomorrow.” 🍹
Broader trends, fine. Crypto inflows everywhere, people are losing their minds tossing $572 million like it’s Monopoly money. NEAR’s user base rockets past Solana (sorry, Solana!), partnerships form (Aurora Labs, wow, sounds fancy), developer engagement goes through the roof. It’s a Layer-1 party, but if you show up late, you’re still eating leftovers. The long-term prospects? Let’s just say people are optimistic, but nobody really has a clue. 🥳
Technical Indicators Breakdown (If You’re Into That Sort of Thing)
- Support at $2.76. Yes, support. Everybody loves support, right? If only relationships were that consistent.
- Resistance around $2.94. Apparently, this price hates commitment.
- Volume peaks over $7.6 million. That’s double the 24-hour average, but don’t ask what the average actually means. It just sounds impressive.
- Higher lows, they say. Bullish momentum! Like your uncle trying to run a marathon after watching one motivational YouTube video.
- Classic resistance rejection at $2.94. Like a Tinder match left on “read.”
- Consolidation at $2.90-$2.91, volume fizzles out. Everyone collectively takes a nap. 😴
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2025-08-13 20:22