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NEAR Protocol Shatters Resistance with Volume-Backed Breakout—Defies Crypto Market Slump

NEAR Protocol Shatters Resistance with Volume-Backed Breakout—Defies Crypto Market Slump

Author:
Coindesk
Published:
2025-08-06 15:26:54
16
1

NEAR Protocol Registers Volume-Backed Breakout Amid Broad Market Consolidation

While Bitcoin wobbles and Ethereum treads water, NEAR Protocol just pulled off a textbook breakout—backed by surging volume that’d make a Wall Street quant blush. Here’s why the smart money’s watching.

The stealth outperformer

No ‘quiet accumulation’ here. NEAR’s price action screamed through resistance levels as trading volume spiked—the kind of move that turns sidelined crypto traders into FOMO casualties by lunchtime.

Infrastructure plays win again

While meme coins crash and ‘institutional adoption’ narratives gather dust, NEAR’s developer-friendly blockchain keeps attracting builders. Turns out, actual utility still matters—who knew?

Cynic’s corner

Let’s see how long this lasts before some VC dumps their unlocked tokens to fund a yacht. But for now? A rare bright spot in a market that’s forgotten what momentum feels like.

|Square

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