NEAR Protocol Surges 5.04% in 23-Hour Session Amid Bitcoin's Record High

NEAR Protocol, a blockchain platform, experienced a significant surge in its value, gaining 5.04% during a 23-hour session from July 9 at 4:00 PM to July 10 at 3:00 PM. The token's price rose from $2.26 to a peak of $2.38 before closing at $2.34. This price movement represented a notable 5.04% gain, with the highest trading activity occurring during the July 9 7:00 PM hour, when the trading volume reached 4.62 million units, nearly triple the session average of 1.73 million. This substantial participation established technical support at the $2.29 level.

Late-session volatility from July 10 at 2:58 PM to 3:57 PM demonstrated institutional profit-taking patterns followed by strategic buying, indicating continued bullish sentiment among sophisticated investors. The $0.12 trading range represented a notable 5.04% gain, with peak activity occurring during the July 9 7:00 PM hour when trading volume reached 4.62 million units—nearly triple the session average of 1.73 million—indicating substantial participation and establishing technical support at the $2.29 level.

This move comes alongside bitcoin's recent break of $112,000, a new record high as the industry remains patient for a long-awaited altcoin season. The price range of $0.12 representing 5% movement from $2.26 to $2.38 peak. A volume surge to 4.62 million units during July 9 7:00 PM hour, exceeding 23-hour average of 1.73 million. Strong technical support established at $2.29 level. A new support zone formed around $2.34 following recovery. Institutional profit-taking patterns observed during 3:41-3:42 PM timeframe. Strategic buying activity confirmed underlying bullish sentiment.