Near the protocol experienced a strong upward impulse between August 12, 16:00 and August 13, 15:00, rising from $ 2.75 to $ 2.91 for a profit of 5.82% in negotiation volumes that exceed $ 7.6 million. Institutional entries played a key role, with the cryptocurrency that broke multiple levels of resistance and establishes the support of the company at $ 2.76. The volume peaks during the breaks of rupture exceeded twice the average of 24 hours, which reflects a greater conviction of the market and positioning for a possible movement towards the psychological threshold of $ 3.00.
During the last 60 minutes from August 13 from 14:40 to 15:39, it almost showed remarkable volatility, withdrawing from $ 2.92 to $ 2.91 after reaching a $ 2.94 session and a minimum of $ 2.88. The rejection of resistance to $ 2.94 coincided with a strong sale of a sale at 15:09, where the volumes exceeded 396,000. This was followed by stabilization in the range of $ 2.90– $ 2.91 with decreasing volumes, indicating a temporary balance after an intense phase of price discovery.
The broader market dynamics favored near a tendency towards block chain infrastructure of layer 1 plays during a recovery phase. Global cryptocurrency investment products saw $ 572 million in tickets, with a notable interest of notable investors together with Solana and XRP. The protocol user base reached 16 million weekly active participants, up to 18.4% and exceeding 14.8 million solana, backed by strategic associations with Aurora Labs and expanding the participation of the developer, underlining its strong long -term growth prospects.
General description of technical indicators
- Robust support established at $ 2.76 with a substantial volume confirmation during early morning negotiation hours.
- Level of resistance identified about $ 2.94 with multiple attempts at rejection observed.
- The volume peaks exceeded 7.6 million during the phases of the break, significantly above the average of 24 hours of 3.5 million.
- The sustained ascending trajectory with formation of higher minimums indicates a continuous upward feeling.
- Classical resistance rejection pattern at a level of $ 2.94 with substantial volume peaks greater than 396,000.
- Consolidation around $ 2.90- $ 2.91 range with decreasing volume suggests a temporary balance.
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