Price volatility almost experienced during the 24 -hour period ending on July 24 at 3:00 p.m., with its token quoting between $ 2.59 and $ 2.83. The strong drop from $ 2.82 to $ 2.59 during the morning hours caused a high volume negotiation of 7.91 million units, establishing a technical support level at the ground floor of the session.
This market dislocation attracted the aggressive purchase, which fed a price recovery at $ 2.81 due to the closure, indicating a strong interest of sophisticated investors who capitalized the discount valuations.
During the last hour of negotiation, almost a sustained upward boost, increasing 2% of $ 2.72 to $ 2.79 despite the resistance close to the profits to $ 2.82. The session established a defined negotiation channel with support to $ 2.79, and the analysts interpreted the resulting consolidation as a healthy price discovery.
This pattern reinforced the previous thesis of strategic accumulation by institutions in the midst of early volatility of the day.
At the same time, Near announced a strategic association with Everclear to build a cross -chain stablocoin settlement infrastructure aimed at the Digital Assets Compensation Market of $ 1 billion.
The expansion of Evercloar to 23 admitted blockchains and the 111% quarterly growth is aligned with the use of near chain abstraction technology to support efficient transactions of low cost chain.
This collaboration addresses regulatory concerns and liquidity fragmentation in the digital asset ecosystem, affirming the resistant market positioning closely and the long -term value proposal despite the recent volatility.
Technical analysis
- Exceptional intradic volatility range of $ 0.24 which represents a 9% differential between the maximum price of $ 2.83 and a minimum of $ 2.59
- Declined acute morning from $ 2.82 to $ 2.59 for 05: 00-06: 00 negotiation session accompanied by a high volume of 7.91 million units
- Technical support level established in $ 2.59 with evidence of aggressive institutional purchase interest
- Moment of sustained recovery that drives the stable price of the session to close the session at $ 2.81
- The final time trade that shows an upward impulse continued with a 2% gain of $ 2.72 to $ 2.79
- Training of technical channels with defined support at $ 2.79 and resistance to $ 2.82
- INTRADY PICT OF $ 2.82 AT 15:20 Followed by a decrease in the display of profits measured at $ 2.79
