Global markets are navigating heightened uncertainty following a public spat between U.S. President Donald Trump and Tesla CEO Elon Musk.
NEAR Protocol 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 on short time frames.
This technical structure, combined with the successful break above the $2.46-$2.47 resistance zone, suggests buyers are regaining control despite broader market turbulence.
NEAR’s recovery may indicate growing institutional confidence in blockchain infrastructure projects with real-world utility.
Technical Analysis
NEAR-USD exhibited substantial volatility over a 24-hour period, with a range of 0.132 (5.2%) between the high of 2.547 and low of 2.415.
The asset experienced a sharp decline during the 20:00 hour on June 4th, establishing a key
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