*NEAR Protocol Sees 5% Gain in 24 Hours*
NEAR Protocol's token price surged 5.04% in 24 hours, rising from $2.26 to $2.38 before settling at $2.34. Key highlights:
- *Trading Volume*: 4.62 million units traded during peak hours, exceeding the daily average of 1.73 million.
- *Technical Support*: Established at $2.29, with a new support zone forming around $2.34.
- *Institutional Activity*: Profit-taking patterns observed, followed by strategic buying, indicating continued bullish sentiment.
- *Market Context*: NEAR's gain comes as Bitcoin breaks $112,000, a new record high, with the industry awaiting an altcoin season.
*Bullish Sentiment Prevails*
NEAR traders demonstrate bullish sentiment, with the token's price movement and volume surge indicating strong participation and underlying optimism.