NEAR Protocol Surges 4.5% Amid Global Trade Tensions

NEAR Protocol, a prominent blockchain platform, has shown remarkable resilience amidst global trade disputes and escalating tensions between Iran and Israel in the Middle East. The cryptocurrency market has been under significant pressure due to these geopolitical uncertainties, but NEAR Protocol has managed to surge by 4.5%, demonstrating strong support at the $2.11-$2.12 range. This performance is particularly noteworthy given the broader market uncertainty and conflicting economic signals that have left traditional markets struggling to find direction.

The surge in NEAR Protocol's value coincides with heightened trading activity, especially during peak hours when the volume reached 5.14 million units. This increased activity suggests that despite the broader economic concerns, there is continued interest in NEAR Protocol. The token is currently testing resistance at $2.20, indicating that buyers are dominating the market despite the overall uncertainty.

Technical analysis reveals that NEAR-USD experienced a significant bullish breakout, climbing from $2.124 to $2.170, with a notable 24-hour range of $0.095 (4.5%). A clear high-volume support zone formed around $2.110-$2.120, where buyers consistently stepped in, particularly during the 18:00-20:00 timeframe when volume peaked at 5.14 million units. Key resistance levels emerged at $2.205-$2.210, tested twice but failing to break through, suggesting potential consolidation before the next leg up.

The overall trend for NEAR Protocol remains bullish, with higher lows forming a supportive trendline. However, recent hours show decreasing momentum, which warrants caution. In the last hour, NEAR-USD continued its bullish momentum with significant price action between $2.169 and $2.173, forming a higher low pattern that reinforces the broader uptrend. Notable volume spikes occurred at 13:21 and 13:39, with over 65,000 and 83,000 units respectively, indicating strong buyer interest at these levels. The price successfully tested and held above the $2.170 support zone multiple times, culminating in a final push to $2.173 by the end of the period, suggesting continued bullish sentiment despite some consolidation phases.