Altcoin stabilizes near $2.45 with eyes on resistance levels ahead
NEAR Protocol gained over 3% in the past 24 hours, climbing to $2.45 after buyers defended a crucial support zone. The recovery follows a period of weakness in late August, as broader crypto markets consolidated under macroeconomic uncertainty.
On the 4-hour chart, NEAR successfully bounced from the green demand area between $2.30 and $2.35, where buyers stepped in to halt further declines. This zone has acted as a key floor multiple times since early August.
The token now trades just below an immediate resistance at $2.50, while heavier supply blocks remain around $2.85–$2.90 and $3.10–$3.20, marked by the red zones on the chart. A break above these levels could open the door for further gains, potentially retesting the August highs.
“NEAR’s ability to hold the $2.30 region shows that bulls are defending critical levels. A decisive move above $2.50 could invite momentum buyers back into the market,” explained BITX market analyst monitoring altcoin flows.
The modest uptick comes as investors increasingly seek exposure to layer-1 projects, which are viewed as essential for scaling blockchain applications. While trading volumes remain modest, on-chain activity suggests accumulation near support zones rather than panic selling.
For now, the $2.30 support remains the key level to watch, as losing that floor could accelerate downside pressure toward $2.10. On the upside, bulls must establish a firm close above $2.50 to target higher resistance zones.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.