What to know:
- NEAR took a nosedive of 5.2% (because apparently it wanted to audition for a roller coaster), but now it’s bouncing back like a caffeinated squirrel. It’s found support at $2.42 and is showing off a bullish support pattern with rising volume — basically, it’s flexing its crypto muscles.
- If it can punch through $2.46 resistance, we’re talking trend reversal, baby! Think of it as the crypto version of “bet on the underdog.”
- Its rebound amidst global chaos (thanks, Trump and Musk, for keeping it spicy) hints that maybe, just maybe, blockchain isn’t just a fad — it’s the future. Or at least, that’s what NEAR is pretending to believe. 🤷♀️
Global markets are basically doing their best impression of a soap opera, thanks to a fiery spat between U.S. President Donald Trump (who’s basically the class clown of politics) and Tesla CEO Elon Musk (the guy who makes cars and memes). Meanwhile, NEAR Protocol is just over here, proving it’s got some resilience — recovering from that 5.2% plunge like a champ. It’s establishing strong support at $2.42 and doing a cute little dance called “double bottom pattern” — adorable, really.
This rally suggests that big money might be finally waking up to blockchain projects that have some actual worth beyond a Twitter brawl. So, maybe crypto’s not dead after all. Or at least, NEAR isn’t.
Technical Analysis (because we love charts almost as much as coffee):
- NEAR-USD was playing a game of high-volatility hide-and-seek, ranging about 0.132 (that’s 5.2% for you non-math folks) between 2.547 and 2.415. It’s basically riding a crypto roller coaster, and we’re all just buckled in.
- On June 4th at 8 p.m., it decided to take a sudden dive — probably because it saw Elon Musk tweet — and hit a support level at 2.423 with volume blasting at 2.69 million. Overachieving support level, much? Gotta love it.
- Formed a double bottom pattern (cue applause) with rising volume on the second test, indicating some serious investor love at lower levels — or just stubborn HODLers.
- Resistance sits around 2.462-2.470, as if teasing NEAR to hit the big leagues. It’s getting close, folks.
- In the last hour, NEAR’s momentum looked like it had coffee—climbing from 2.433 to 2.455, gaining a whole 0.9%. It’s more energized than your morning latte.
- Volume spikes at 07:15 and 07:37 show buyers are basically throwing a party. Cheers to that!
- It peeked at 2.462 at 07:34, then went on a brief retreat to 2.445 — like a diva delivering a dramatic monologue — before rallying again to 2.458 at 07:54. Classic NEAR drama, right?
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2025-06-06 12:59