NEAR Plunges 8% as Middle East Tensions Rattle Crypto Markets
$NEAR experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline. A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level. Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average. Price action formed a descending channel with resistance at $2.29 and support at $2.19. Recent consolidation has occurred near the lower boundary of the channel. • High-volume selling pressure suggests further downside risk. Modest recovery from $2.189 indicates potential stabilization if buyers defend current support. In the last hour, NEAR showed significant volatility, rising from $2.200 to $2.218 before correcting to $2.199. A clear bullish channel formed between 13:05-13:35, gaining 8.5% with notable volume spikes. Strong rejection at the $2.218 resistance level led to a rapid sell-off between 13:41-13:44. Sell-off volume exceeded 100,000 units, confirming the bearish reversal. New support established at $2.198, aligning with the lower boundary of the descending channel.
Ethereum Surges 4% on Massive Volume as Institutional Interest Grows
$ETH #grow Ethereum experienced a notable recovery, climbing from a 24-hour low of $2,513.18 to a high of $2,616.62, representing a range of $103.44 (4.12%). Spot Ethereum ETFs continue to attract steady institutional inflows, with BlackRock's ETHA leading with $136.4 million in weekly inflows. Technical indicators show a bullish breakout from a descending triangle pattern, with traders eyeing the $2,650-$2,745 resistance zone. $ETH #Grow
$BTC James Wynn, the Trader Who Bet $1B on Bitcoin, is Now Long Pepe The pseudonymous trader on Hyperliquid closed their billion-dollar notional position for a $17 million loss over the weekend and is now betting on downside.