NEAR Surges 5.82% on $7.6M Inflows and Rising Adoption

NEAR Protocol experienced a notable price surge driven by strong institutional inflows and rising user adoption, surpassing key resistance levels before encountering short-term volatility. Between August 12 and 13, the token climbed 5.82% from $2.75 to $2.91 within a 24-hour window, fueled by institutional capital inflows exceeding $7.6 million. This marked a decisive breakout, with NEAR repeatedly testing and surpassing prior resistance levels as buying pressure intensified, establishing a firm support base at $2.76 and facing immediate resistance near $2.94 [1].

The price action reflected heightened market conviction, with trading volumes during breakout phases surpassing twice the average daily level. This indicated strong positioning and investor confidence, pushing NEAR toward the $3.00 psychological threshold. However, during the final 60 minutes on August 13, the asset displayed increased volatility, swinging between $2.88 and $2.94 before stabilizing around $2.90–$2.91. A sharp selloff at 15:09 on a volume of over 396,000 marked a resistance rejection at $2.94, followed by consolidation with diminishing volume, suggesting a temporary equilibrium after a period of intense price discovery [1].

The broader market backdrop supported NEAR’s upward movement, with global crypto inflows reaching $572 million. NEAR’s weekly active user count increased by 18.4% to 16 million, outpacing Solana’s 14.8 million and underscoring its expanding user base and adoption. Strategic partnerships with Aurora Labs and growing developer engagement have further solidified its position as a Layer-1 infrastructure play with strong long-term growth potential. The protocol’s robust technical indicators, including consistent higher lows and a clear support level at $2.76, indicate continued bullish momentum [1].

Despite the rally, the asset faced a pullback in the immediate aftermath, a common pattern following rapid gains as traders locked in profits or reevaluated exposure. This volatility highlights the sensitivity of the crypto market to liquidity conditions and macroeconomic factors. While the surge demonstrates strong demand, the sustainability of NEAR’s upward trajectory will depend on the continuation of institutional interest and broader market sentiment [1].

The rally occurred within a mixed environment for digital assets. Bitcoin saw a short-lived rebound, attributed to thin liquidity and a risk-on global market backdrop, while XRP experienced profit-taking after a regulatory development alleviated legal uncertainties. These contrasting performances underscore the fragmented nature of the crypto market, where individual assets can diverge significantly based on their fundamentals and investor perceptions [2].

Source:

[1] NEAR Rallies on Institutional Inflows, Surges Past Resistance Before Volatile Pullback (https://www.coindesk.com/markets/2025/08/13/near-rallies-on-institutional-inflows-surges-past-resistance-before-volatile-pullback)

[2] Asia Morning Briefing: Bitcoin's Thin-Liquidity Bounce (https://cryptoadventure.com/asia-morning-briefing-bitcoins-thin-liquidity-bounce-raises-questions-on-staying-power)