Crypto Market Sees Strong Gains with Near Protocol, Venice Token, Hyperliquid Leading the Way

The cryptocurrency market has seen significant gains in recent days, with its valuation reaching $2.76 trillion despite hikes in interest rates by the Federal Reserve and Bank of Japan.

Among the top performers are Near Protocol ($NEAR), Venice Token ($VVV), and Hyperliquid ($HYPE).

Near Protocol has been on a tear, outperforming mainstream coins like Bitcoin and Ethereum. Its price has risen to $3.7830, surpassing its year-to-date low of $0.8490.

A technical analysis chart shows that NEAR has broken above the key resistance level of $3.08 and all moving averages, indicating a strong upward trend. However, with the Relative Strength Index (RSI) at 85, there is a risk of overbought conditions leading to a retreat and retest of the support level.

Venice Token has also seen significant gains, rising to $27.25 and approaching its all-time high of $29.30. The token has formed a break-and-retest pattern, indicating a strong upward momentum.

Hyperliquid's price has surged after President Donald Trump expressed support for its entry into the US market and the SEC supported tokenization of stocks in the country. The token has completed a break-and-retest pattern, moving above the key resistance level of $89.38 and is now targeting $100.