Near Crypto Surges to New High as Trading Volume Hits Record

Near crypto is trading near its target of $2.55 after surging 10% in the last 24 hours.

The token's price has grown steadily over the past few weeks, breaking out of a pennant consolidation formation and pushing its trading volume to $676 million, up 67% from yesterday.

Near's network activity is also on the rise, with its Total Value Locked crossing $185 million after an exponential surge from $83 million on August 17th. This increase in locked capital suggests growing demand for the protocol and potential adoption expansion.

The bulls are confident that Near will break past the $2.55 resistance level and turn it into support, but profit-taking may derail their momentum if buyers lose steam.