NEAR Dips 1.25% Amid Volatility and Failed Resistance

NEAR Protocol endured a volatile trading session on August 11, swinging through a $0.12 range before a final-hour selloff brought the price to key support levels, signaling both short-term fragility and underlying institutional confidence [1]. The token reached a high of $2.82 during the early part of the session, only to reverse on strong volume and retreat to as low as $2.696 over the 24-hour period [1]. By the final hour of the session, NEAR dropped 0.98% from $2.755 to $2.730 amid persistent selling pressure and multiple failed attempts to reclaim higher ground [1].

The intraday movement highlights the protocol's sensitivity to broader market sentiment, which has been clouded by geopolitical tensions and evolving trade policies. Despite these challenges, NEAR managed to stabilize near the $2.729–$2.730 support zone, preventing a deeper decline and suggesting possible consolidation ahead [1]. The late-session decline capped a turbulent 23-hour stretch, during which NEAR traded between $2.696 and $2.817, ultimately closing the session at $2.729, down 1.25% [1].

While the token showed signs of weakness in the final hour, the broader crypto market saw a notable shift in institutional sentiment. Digital asset investment products recorded a total of $572 million in inflows, with Ethereum and Bitcoin leading the way at $268 million and $260 million, respectively [1]. This inflow follows recent outflows driven by macroeconomic concerns, suggesting renewed institutional appetite for crypto assets amid shifting market dynamics [1].

NEAR’s price action also reflected a pattern of repeated bounces off key support levels, including a successful recovery from $2.71 to $2.82 at the start of the session. However, the inability to maintain these gains, particularly around $2.77 despite a spike in volume, indicates the presence of aggressive selling pressure [1]. The key resistance at $2.82 failed to hold, and the subsequent retreat underscored the fragility of the rally [1].

The final 60 minutes of trading saw a pronounced decline, with NEAR falling from $2.76 to $2.73. This decline, though relatively modest in absolute terms, occurred amid a backdrop of elevated volume and failed recovery attempts, suggesting a loss of short-term momentum. The session ended with consecutive zero-volume minutes, a technical signal that may indicate market exhaustion and a potential pause in the immediate direction of price movement [1].

Looking ahead, NEAR’s ability to hold the $2.73 support level could be critical in determining whether the token can stabilize or if further declines are likely. While strong institutional inflows into the broader crypto market may provide some buffer against macroeconomic headwinds, NEAR remains highly sensitive to global developments and could continue to act as a barometer for broader crypto sentiment [1].

Source: [1]NEAR Shows Volatile Recovery Amid Wave of Sell Pressure (https://www.coindesk.com/markets/2025/08/11/near-shows-volatile-recovery-amid-wave-of-sell-pressure)