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NEAR Surges 5% After Forming Bullish Support Pattern NEAR has shown resilience with strong recovery from $2.42 support level. What to know: Technical analysis of NEAR points towards signs of accumulation. The $2.42 level has been established as support while resistance is at $2.47. Global markets are navigating heightened uncertainty as trade disputes between major economies intensify. NEAR Protocol's NEAR has demonstrated resilience amid this volatility, recovering from a sharp 5.2% decline to establish support at $2.42. The recent price action shows promising signs of accumulation, with increasing volume on the second test of support forming a potential double bottom pattern Rephrase it

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NEAR Climbs 5% After Establishing Bullish Support Zone

NEAR Protocol’s NEAR token has rebounded strongly, showing resilience by bouncing back from the $2.42 support level amid global market volatility driven by escalating trade tensions between major economies.

Key Insights:

Technical indicators suggest accumulation is underway.

Support has been firmly established at $2.42, with resistance at $2.47.

A potential double bottom pattern is forming, supported by rising volume on the second test of the $2.42 level.

The recent 5.2% recovery highlights growing bullish sentiment as NEAR holds steady against broader uncertainty.