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.
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.
As central banks weigh inflation concerns against economic growth, 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 notable 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
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