NEAR Protocol encountered a turbulent ride over the past 23 hours, as the cryptocurrency faced intensified selling pressure that led to a 1.25% decline, closing at $2.729 on August 11, 2025. This volatility comes amidst broader market uncertainty, with traders on tenterhooks due to geopolitical tensions and fluctuating trade policies. This mirrors recent trends in the broader crypto market, as detailed in our coverage of Bitcoin, Ethereum, and XRP’s recent downturn.
A Rollercoaster Session
The 23-hour stretch from August 10 to 11 was anything but stable for NEAR. The digital asset oscillated between lows of $2.696 and highs of $2.817, reflecting a 4% swing. Despite attempts to breach the $2.765 resistance, NEAR faltered, with a notable 81,064-unit volume spike at 09:56 failing to tip the scales in favor of buyers. Instead, sellers maintained their grip, culminating in a 0.98% dip within the final hour of trading, from $2.755 to $2.730.
“Markets are in a state of flux,” said crypto analyst Jane McCarthy. “The inability to hold above resistance levels indicates the fragility of current sentiment. However, support near $2.729-$2.730 suggests some resilience, hinting at potential consolidation if selling pressure subsides.”
Institutional Confidence Amidst Uncertainty
Interestingly, while NEAR faced a bumpy ride, digital asset investment products saw a substantial $572 million inflow, led by Ethereum and Bitcoin, which attracted $268 million and $260 million, respectively. These inflows underscore a level of institutional confidence, even as recent payroll-driven outflows had cast shadows of doubt over the sector.
Apex Invest Digital’s strategic partnership with Coinbase Asset Management to launch a Swiss institutional program adds another layer of intrigue, signaling an accelerating pace of mainstream crypto adoption. “Institutional interest is a barometer of long-term belief in digital assets,” noted McCarthy. “Though short-term volatility persists, such developments could provide a stabilizing force.”
Technical Indicators and Market Sentiment
From a technical perspective, NEAR’s recent performance paints a picture of volatility. The token saw a recovery pattern, descending to $2.71 before rallying to $2.82 in the early hours of August 11, bolstered by a hefty 3.99 million-unit volume. However, resistance at the $2.82 mark triggered a reversal, illustrating the uphill battle NEAR faces.
Throughout the session, persistent selling pressure thwarted recovery attempts, particularly around $2.77 at 09:32, despite elevated trading volumes. The session concluded with zero-volume minutes, suggesting market exhaustion and a potential pause for breath before the next wave. This aligns with emerging weaknesses in the crypto market, as we explored in our analysis of Bitcoin’s recent trends.
Looking Ahead
As NEAR navigates these choppy waters, its ability to hold support levels could indicate a path towards stabilization, provided the selling pressure eases. Yet, traders might remain hesitant, waiting for fresh catalysts to prompt re-engagement. With NEAR sensitive to global developments, its performance could serve as a bellwether for the broader crypto market.
The path forward remains uncertain. While institutional inflows provide a glimmer of hope, macroeconomic headwinds and geopolitical dynamics continue to weigh heavily. Whether NEAR can weather this storm and capitalize on institutional interest remains to be seen, raising questions about the sustainability of its recent recovery.
Source
This article is based on: NEAR Shows Volatile Recovery Amid Wave of Sell Pressure
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
