NEAR Jumps 6.9% as Institutional Demand Lifts Price Toward Key Resistance
NEAR Protocol rallied 6.9% over the past 24 hours, climbing from an overnight low of $2.61 to a session high of $2.79 by 12:00 UTC on July 25. The move came amid a spike in volatility and increased interest from institutional players.
A brief dip to $2.77 around midday was quickly reversed as NEAR rebounded 0.7% between 11:10 and 12:09 UTC. The token whipsawed between $2.77 and $2.79, forming a two-phase pattern of consolidation followed by a sharp recovery.
A key catalyst for the bounce was a surge in volume, with over 123,000 NEAR traded shortly after 12:00 UTC. This breakout above short-term resistance levels suggested renewed accumulation by large holders. The broader move from $2.61 to $2.79 was fueled by revived bullish sentiment and active trading conditions.
With price now testing upper resistance near $2.83, analysts point to a potential breakout if bullish momentum continues. Long-term forecasts remain optimistic, with 2025 targets in the $1.95–$9.00 range and upside scenarios as high as $71.78 by 2030. Ongoing cross-chain developments with Solana and TON are seen as key catalysts drawing institutional attention.
Technical Breakdown:
- 24-hour range: $2.61 (low) – $2.79 (high), 8.5% volatility
- Support zone: $2.61 backed by above-average daily volume (3.18M NEAR+)
- Resistance target: $2.83 remains key short-term barrier
- Recovery leg: Rebound from $2.69 to $2.79 confirms bullish structure
- Volume spike: 123,000+ NEAR traded during final-hour surge signals institutional inflows
- Structure: Rising lows and breakout through resistance suggest continuation potential
