NEAR Bounces 6% on $10.1M Institutional Inflows Amid Volatile Session

NEAR Protocol experienced a volatile 24-hour trading session on August 12, marked by sharp intraday swings and strong institutional backing. The token dropped to $2.57 before rebounding to $2.73, reflecting a 6% price range fueled by $10.1 million in fresh institutional inflows [1]. The recovery was supported by repeated defenses of the $2.57–$2.59 support zone, which proved resilient amid heavy volume surges [1].

Earlier in the day, NEAR spiked to $2.678 before a rapid sell-off erased most gains within an 11-minute window between 13:38 and 13:49. During this period, the token fell to $2.634 on a volume exceeding 200,000 tokens per minute [1]. Despite the sharp intraday correction, the token closed the hour at $2.644 after a modest low-volume rebound attempt [1].

Over the prior 24 hours, NEAR’s price action indicated aggressive buying interest as it moved from $2.58 to $2.68 with an exceptional turnover of 8.01 million tokens. Resistance around the $2.68–$2.73 range remains intact, with analysts noting that this upper band continues to attract heavy selling pressure [1]. Meanwhile, the lower $2.63–$2.64 level has consistently provided a floor for the token, reinforcing its technical foundation [1].

The broader digital asset market saw $572 million in global inflows last week, with U.S. regulatory shifts allowing digital assets in 401(k) retirement plans contributing to a $1.57 billion surge in late-week inflows [1]. These developments have sparked optimism about the long-term adoption of blockchain assets, including NEAR. Analysts view the institutional flows and regulatory changes as pivotal for expanding NEAR’s investor base and reinforcing its long-term value proposition [1].

From a technical perspective, NEAR’s chart illustrates a pattern of resilience, with strong buying interest surfacing near the $2.57–$2.59 support level. The volume-based reversals and sustained institutional inflows suggest that despite the short-term volatility, the token is underpinned by a strengthening foundation [1]. The $2.68–$2.73 resistance band, however, continues to serve as a key psychological level, where profit-taking and selling pressure remain significant [1].

As institutional demand continues to grow, the broader market environment appears favorable for NEAR’s long-term prospects. With $2.57 acting as a reliable floor and regulatory tailwinds supporting crypto adoption, the token’s price action may remain volatile, but its structural support appears to be strengthening [1].

Source: [1] NEAR Faces Whipsaw Action as Institutional Flows Bolster Long-Term Outlook (https://www.coindesk.com/markets/2025/08/12/near-faces-whipsaw-action-as-institutional-flows-bolster-long-term-outlook)