Near the protocol saw a greater volatility in the 24 hours that end on August 14 at 2:00 p.m. UTC, with prices that fluctuate between $ 2.78 and $ 3.05 before solving $ 2.82.
The decrease in resistance of $ 3.0 to a $ 2.75 support was driven by a strong institutional sale, for a total of almost 20 million tokens during maximum pressure. Despite this, the foundations of the asset are still strong, backed by a considerable active user base of 16 million weekly participants.
In the hour after sale of the sale, 0.35% was earned to $ 2.83, which is quoted within a controlled range of $ 0.07 between $ 2.81 and $ 2.85. The key institutional purchase appeared at several intervals, which helped the short -term resistance of the token at $ 2.83– $ 2.84 and reaching session maximums of $ 2.85.
The negotiation volume decreased to approximately 100,000 tokens per minute, which suggests accumulation instead of speculative retail activity, with a preliminary support that is formed about $ 2.81– $ 2.82.
Market performance indicators reflect mixed corporate perspectives
- The nearby protocol recorded substantial price volatility with a negotiation range of $ 0.26 that represents a movement of 8.53% between the maximum of the $ 3.0 session and the minimum of $ 2.78.
- The cryptocurrency initially demonstrated an upward boost from $ 2.90 to reach $ 3.0 during the night negotiation hours, establishing technical resistance to the level of $ 3.04- $ 3.05.
- The significant institutional sale occurred during August 14 between 12: 00-13: 00 UTC with exceptional commercial volumes of 19.99 million and 12.22 million tokens respectively.
- The daily commercial activity substantially exceeds the average of 24 hours of 5.47 million tokens, which reflects a greater institutional sales pressure.
- The market price decreased to $ 2.75 before corporate purchase interest supports a recovery to $ 2.82 at the close of the session.
- According to market strategists, high -volume institutional sales patterns suggest continuous risk potential despite the modest recovery attempts, according to market strategists.
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