NEAR Breaks Key Resistance on Strong Volume, PEPE Holds Support, Cold Wallet Nears $5.9M Presale Goal

NEAR Protocol’s price surged past a key resistance level of $2.495 on August 6, breaking out from a tight $2.387–$2.517 range after sustained buying pressure pushed the asset from $2.44 to $2.47 within an hour. The move was supported by strong volume activity, with daily trading volume hitting 3.44 million—nearly double the average—and heavy accumulation observed around $2.448. Analysts highlight that developer integrations and cross-chain partnerships are likely contributors to NEAR’s sustained momentum, with the potential for longer-term gains compared to typical short-lived rallies [1].

Meanwhile, the PEPE token remains firmly supported at a critical level that has historically served as a catalyst for upward moves. The price has shown resilience despite dips in recent momentum, with multiple daily candle closes reinforcing buyer interest. Technical analysts suggest that a reclamation of the key control point, combined with rising bullish volume, could drive the price toward a prior swing high, though a breakout will depend on the next trading session’s volume dynamics [2].

Cold Wallet (CWT), a project gaining traction through its utility-driven model, is nearing $5.9 million in presale funds raised, with over 703 million tokens sold in Stage 17 of its 150-stage offering. Priced at $0.00998, the token has already seen a significant increase from its initial $0.007 launch price, offering early buyers the potential for up to 4,900% returns if the confirmed launch price of $0.3517 is achieved. The project’s unique model rewards users for on-chain actions—such as gas fees, swaps, and fiat conversions—without requiring staking or lock-up periods, making it immediately accessible [3].

A major factor driving adoption is Cold Wallet’s recent acquisition of Plus Wallet for $270 million, which has added over 2 million active users to its ecosystem. These users are expected to begin interacting with CWT immediately, generating organic demand ahead of the project’s market debut. With steady presale growth, a functional rewards system, and a ready-made user base, Cold Wallet is poised for a strong initial market reaction [4].

The market is currently observing a convergence of bullish signals across NEAR, PEPE, and Cold Wallet. NEAR’s technical breakout, supported by strong volume and ecosystem development, suggests a potential shift in momentum. PEPE’s ability to hold key support levels keeps it in a position to capitalize on renewed buying interest. Meanwhile, Cold Wallet’s rapid presale success and innovative utility model position it as one of the most anticipated projects of the year.

Cold Wallet’s $0.3517 launch price target, if realized, could offer substantial returns for early participants. However, the token’s long-term success will depend on the sustainability of its reward structure and user adoption. The absence of staking or lock-up requirements enhances accessibility but also means demand must be driven by ongoing utility rather than speculative inflows.

As the market absorbs these developments, investors are closely monitoring volume patterns, on-chain activity, and cross-chain partnerships for further clues about the trajectory of NEAR and PEPE. For Cold Wallet, the final stages of its presale will be critical in determining the depth of market interest and the level of demand upon launch.

Source:

[1] NEAR Breaks Key Resistance, PEPE Holds Strong, Cold Wallet’s Stage 17 Nears Sell-Out as Presale Soars to $5.9M!

(https://coinmarketcap.com/community/articles/689b49eb9a07d46ce0f7dc86/)

[2] NEAR Breaks Key Resistance, PEPE Holds Strong, Cold Wallet’s Stage 17 Nears Sell-Out as Presale Soars to $5.9M!

[3] NEAR Breaks Key Resistance, PEPE Holds Strong, Cold Wallet’s Stage 17 Nears Sell-Out as Presale Soars to $5.9M!

[4] NEAR Breaks Key Resistance, PEPE Holds Strong, Cold Wallet’s Stage 17 Nears Sell-Out as Presale Soars to $5.9M!