Crypto
Near Price Surges 15% Amid Pennant Breakout, Eyes $2.55 Resistance
Near Protocol (NEAR) has seen its price surge by 15% in the past 24 hours, following a pennant breakout. This increase in value has also been accompanied by a doubling of daily trading volume to $609 million.
The current focus is on the $2.55 resistance level, which NEAR must overcome if it wants to continue its upward momentum. However, with such a sharp move, there is an increased risk of a near-term correction.
On-chain data from DeFiLlama shows that network inflows reached $6.03 million over the past 24 hours, while holder revenue climbed to $112,000. This influx of capital may help support demand and further drive prices up if the trend continues.