The nearby protocol has been caught in the transverse currents of world economic uncertainty, with its price action that reflects the broader market turbulence as investors navigate complex geopolitical developments.
The cryptocurrency experienced significant volatility in the last 24 hours, establishing a negotiation range between $ 2.38 and $ 2.49.
Token performance reflects the tension in traditional markets, where US commercial disputes of the US-China threaten global supply chains and create a particular uncertainty for technology-centered assets such as Near.
Meanwhile, the signs of the European Central Bank towards potential rates cuts in the midst of deceleration inflation provide a mixed perspective for digital assets as monetary policy changes to the main economies.
In addition to market complexity, the intensification of conflicts in the Middle East has caused new sanctions that affect oil prices, contributing even more to market volatility reflected in price fluctuations closely.
Technical analysis
- The high volume support zone formed around $ 2.38- $ 2.40, with a constant buyer intervention during the time frame of 09: 00-11: 00 in a volume higher than the average greater than 2.5 million units.
- The line of descending resistance tendency established after reaching $ 2,481 at 01:00, indicating a persistent bearish impulse despite recovery attempts.
- Alcista appears from $ 2,399 to $ 2,439 (1.67% gain) at the final time, with a notable resistance advance to $ 2,420 followed by consolidation about $ 2,435.
- NOTED REACTION TO $ 2,399 at 14:00 before recovering at $ 2.414, which suggests a strong purchase interest in the support level of $ 2,400.
- Price stabilization in a narrower range indicates a continuous potential of the ascending movement if the volume support remains strong.
Discharge of responsibility: Parts of this article were created using AI.
