- NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap.
- Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosystem activity despite volatility.
NEAR Protocol [NEAR] has gained 12.33% in the past seven days, trading at $5.79 with a 24-hour volume of $712.5 million.
Despite a 0.97% decline over the past 24 hours, the price range has remained between $5.54 and $5.99, showcasing consolidation after recent bullish momentum.
NEAR Protocol’s circulating supply of 1.2 billion tokens values its market cap at $7.05 billion, placing it among top-performing assets.
The asset’s recent rally follows a historical pattern of cyclical price action, with the price previously reaching highs near $7.50–$8.00 and finding support near $3.00–$3.50.
Analyst Michaël van de Poppe noted that a breakout above key resistance could lead to further gains, with traders identifying potential accumulation zones around $4.25–$5.00 for the next bullish leg.
Source: X
Consolidation and potential upside?
The daily chart for NEAR/USDT showed mild bearish pressure as the price pulled back from resistance near $6.00 to its press time level.
Meanwhile, the Relative Strength Index (RSI) was at 61.45, indicating that the asset remained in bullish territory but showed signs of weakening momentum.
