NEAR Rockets 8% Amid Broad Altcoin Rally—Here’s Why Traders Are FOMOing In

Altcoins are painting the town green—and NEAR Protocol just stole the spotlight with a blistering 8% surge. While Bitcoin maximalists nap, the smart money's rotating into high-beta plays.

The catalyst? A perfect storm of risk-on sentiment and ecosystem growth. NEAR's developer activity hit record highs last quarter, and now retail's chasing the momentum.

Just don't tell the SEC—they're too busy suing crypto projects that actually have working products.

• Overall trading range reached $0.16 representing 5.89% of the trading range during the 24-hour period under examination.
• High-volume surge of 5.81 million tokens occurred at 16 July 14:00, significantly exceeding the 24-hour average of 2.55 million tokens.
• Key resistance emerged at $2.70-$2.72 levels where price reversed on elevated volume during peak trading hours.
• Support consolidated around $2.56-$2.62 with multiple successful retests throughout the trading session.
• The final 60 minutes from 16 July 15:06 to 16:05 demonstrated a decline from $2.71 to $2.68 representing a 1.11% drop with a $0.05 intraday range.
• Sharp sell-off period featured elevated volume spikes exceeding 230,000 tokens at 15:16 and 15:36 during the consolidation phase.

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