NEAR Protocol Jumps 6.7% as Altcoin Momentum Builds on Bitcoin Surge
NEAR Protocol gained 6.7% in the past 24 hours, lifted by strong altcoin market momentum following Bitcoin’s breakout to a new all-time high near $123,000. The move was backed by significant trading volume, with over 5.82 million NEAR tokens exchanged — a clear sign of sustained institutional activity.
The token rose from $2.55 to a session high of $2.66, marking a 7% range. Support at $2.51 held firm during consolidation, and a breakout at 01:00 UTC pushed prices to $2.69 within four hours.
NEAR remains well below its 2024 peak of $9.00, which had been driven by excitement surrounding AI-linked crypto projects and chatbot integrations like ChatGPT.
Key Technical Levels:
- Support: $2.51 held as a strong base during early pullbacks
- Volume Spike: A sharp V-shaped reversal confirmed by a 143,188-unit volume surge
- Breakout Zone: Price moved above $2.67, signaling bullish continuation
- Current Resistance: $2.70–$2.72 range
- Trend Structure: Higher lows throughout suggest ongoing uptrend
- New Support: Buying pressure now sitting above $2.62–$2.64
NEAR’s rally reflects growing appetite for altcoins as market sentiment improves across the board. If momentum holds, the next leg higher could challenge resistance at $2.72 and beyond.
