CoinWorld reported that on July 11 (UTC+8), the trading volume of NEAR Protocol (NEAR) significantly increased in the past 24 hours, with a single hour trading volume once exceeding 4.62 million tokens, driving the price from $2.26 to $2.38, with a daily increase of over 5%. Coindesk reported that NEAR formed a key technical support level around $2.29, with institutional buying pressure observed during the session. Currently, NEAR has been included in Grayscale's decentralized AI fund, with a weight of 28.4%; at the same time, Bitwise has launched a NEAR staking ETP on the Deutsche Börse, providing more liquidity access to the European market. Influenced by Bitcoin surpassing $113K, the overall market sentiment is strong, and NEAR, as a high-performance L1 protocol, has gained attention again. Analysts expect that if the support area can be stabilized, NEAR is likely to test the upper target range of $2.50–$3.00 in the medium term. (Source: Coindesk)

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