NEAR 7% Surge: Unexpected Crypto Market Turmoil!

Jakarta, Pintu News – In the past 24 hours, NEAR Protocol showed an impressive performance with a 6.7% gain, marking one of the most bullish recoveries among altcoins. This rise came after Bitcoin (BTC) hit a new record high of $123,000, which fueled optimism across the crypto market. NEAR, in particular, jumped from $2.55 to $2.66, showing great potential for further growth.

Technical Analysis and Trading Volume

NEAR’s trading volume of 5.82 million units showed massive accumulation by institutions above the key resistance level. This signaled high confidence from institutional investors in NEAR’s long-term prospects. Strong support at $2.51 was maintained before a breakout occurred at 01:00 UTC, pushing the price up to $2.69 within the next four hours.

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Potential Altcoin Season and Its Impact

With Bitcoin (BTC) continuing to set new records, many analysts and investors have started to speculate about a possible upcoming “altcoin season”. NEAR, as one of the tokens showing a strong recovery, could potentially be one of the big winners if this trend continues. This price increase has not only attracted the attention of retail investors but also a growing number of institutions that are eyeing NEAR as a potential investment asset.

History and Future Prospects of NEAR

Although NEAR is currently still far below its 2024 high of $9.00, which was fueled by the hype surrounding AI tokens following the launch of apps like chatbot ChatGPT, its long-term prospects remain bright. With blockchain technology continuing to evolve and adoption increasing, NEAR could very well repeat or even surpass its previous achievements in the coming years.

NEAR Momentum and Market Expectations

NEAR’s rise marks an important moment in the current dynamics of the crypto market. With strong support and high trading volumes, NEAR will probably continue to attract attention in the market. Investors and market watchers will be keeping a close eye to see whether or not NEAR can sustain this momentum in the long run.

Also Read: Big Drama: Coinbase and Binance Deny Each Other Over Media Leaks and Market Grab!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. NEAR Surges 7% in Strong Bullish Recovery Rally. Accessed on July 16, 2025