Institutional Inflows Fuel NEAR Protocol's 6% Price Surge

NEAR Protocol's price surged 6% in the past 24 hours, reaching $2.73 from $2.57 support levels, as institutional investment flows strengthened its long-term outlook.

The blockchain token experienced aggressive buying interest on Monday but also saw sharp reversals at key technical levels due to profit-taking activities.

Trading volume exceeded 8.01 million tokens during the 24-hour period, with the cryptocurrency reaching intraday highs near $2.678 before encountering selling pressure that pushed prices back to the $2.634 level.

The rapid price decline erased most hourly gains before stabilizing near established support zones.