Institutional Buying Drives NEAR Protocol 2.43% Higher in 24 Hours

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 10:51 am ET1min read
AAVE
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Aime RobotAime Summary

- NEAR Protocol rose 1.93% to $2.64 in 24 hours, driven by institutional buying and volatility between $2.54–$2.71.

- Algorithmic trading triggered sharp 1.13% price drops, highlighting risks from automated protocols and regulatory gaps.

- Analysts flag $2.62–$2.66 as a strategic accumulation zone, with corporate strategies shaping market stability concerns.

- Long-term forecasts suggest $30.48 in five years, though experts caution against speculative predictions amid crypto's inherent volatility.

NEAR Protocol recorded a 1.93% price increase over the 24 hours ending at 15:00 UTC on August 8, climbing from $2.59 to $2.64 [1]. The price movement occurred amid heightened volatility, with the token fluctuating between $2.54 and $2.71, a 6.84% range [1]. Institutional traders played a central role, with trading volume surging to 18.9 million units during Asian market hours—well above typical corporate trading patterns [1]. Analysts identified the $2.62 to $2.66 range as a strategic accumulation zone for corporate treasuries and hedge funds, suggesting a deliberate effort to build positions [1].

The market's instability was further highlighted by algorithmic trading behaviors at the $2.67 level, where more than 120,000 units were sold in just four minutes [1]. This sharp decline showcased the influence of automated trading protocols and underscored the need for clearer regulatory frameworks to manage such volatility [1]. A senior executive from a major digital asset trading firm emphasized the importance of strengthening market infrastructure to address these concerns [1].

Earlier in the week, NEAR Protocol had seen a short-term intraday breakout on August 6, rising from $2.44 to $2.47 within an hour after breaking key resistance near $2.495 [2]. The following day, the token surged another 5%, reaching $2.60 as institutional buying and strong market sentiment drove the rally [3]. At the time of writing, NEAR was trading at $2.71, reflecting a 2.43% increase over the previous 24 hours [4]. The token had previously touched a high of $2.82 on August 7, a 6% jump from $2.67 the day before [5].

Market participants are now closely monitoring the $2.62–$2.66 range for potential direction, as it remains a focal node for institutional investment tactics [1]. The interplay between heavy institutional buying and rapid algorithmic selling illustrates the evolving maturity of corporate participation in the crypto space, though it also raises concerns about market stability [1]. During intense selling waves, the price experienced a 1.13% pullback from its peak, demonstrating the application of corporate risk management strategies amid heightened volatility [1].

Looking ahead, some analysts forecast that NEAR could reach as high as $30.48 in a five-year time frame [6]. However, such predictions should be treated as speculative and not as guarantees. Investors are advised to conduct their own research and remain cautious given the inherent uncertainty and volatility in the cryptocurrency market.

Source:

[1] NEAR Rises 2% as Institutional Traders Drive Volume Amid ... (https://finance.yahoo.com/news/near-rises-2-institutional-traders-162914507.html)

[2] NEAR Protocol Registers Volume-Backed Breakout Amid ... (https://cryptoadventure.com/near-protocol-registers-volume-backed-breakout-amid-broad-market-consolidation)

[3] Plasma and

Aave
Launch Institutional Blockchain Fund (https://m.economictimes.com/crypto-news-today-live-07-aug-2025/liveblog/123149180.cms)

[4] NEAR Protocol price USD live chart (NEAR/USD) (https://www.bitget.com/price/near-protocol)

[5] NEAR Protocol Price, NEAR Price, Live Charts, and ... (https://www.

coinbase
.com/price/near-protocol)

[6] NEAR Protocol (NEAR) Price Prediction 2025 2026 2027 (https://changelly.com/blog/near-protocol-near-price-prediction)