NEAR Protocol Surges Past $2.19 Resistance on 61% Volume Spike

The cryptocurrency market shows signs of renewed force because it has broke through the key level of resistance during the last trading hour of July 7. The decisive step came to an exceptional volume, which was 61% higher than the daily average, confirming the validity of the escape from the ascending triangle pattern that was formed during the day.

Business data shows that almost USD has determined strong support in the range of $ 2.16-2.17 with multiple reflections before finally exceeding the resistance to $ 2.19-2.20. The breakthrough was particularly remarkable during the 60 -minute period ending at 14:04, when it almost increased by 1.13% from 2.17 to $ 2.19, creating what analysts describe as a textbook and pattern.

This technical development comes when the wider crypto market is experiencing significant dynamics, with bitcoins passing $ 109,000 and approaching their highest maximum of $ 111,970.

The total market capitalization of the cryptocurrency has spread to $ 3,36 trillion to a 40% increase in the volume, creating favorable conditions for altcoins, such as almost earning to improve the market sentiment. Despite the positive price action of the company, the asset remains significantly under historically maximum $ 20.42 in January 2022. Current technical indicators represent a mixed picture with 14 green days from the last 30, but RSI 31.09 indicates surpassed conditions that could support further recovery.

Technical analysis

• Almost USD showed significant volatility during the 24 -hour period from 6 July 15:00 to 7 July 14:00, with a price range of $ 2.16 to $ 2.22, which represents 3.15% swing.
• Asset created key support for $ 2,16-2,17 with more reflections, while resistance to $ 2.19-2.20 was eventually overcome in the last hour of exceptional volume (1.97 m vs. 24 -hour diameter 1.22 m).
• The decisive escape to the level of $ 2,19, associated with the creation of a bull -ascending triangle pattern all the time, indicates the potential for the ongoing ascending momentum with another aim of resistance for $ 2.22.
• During the 60 -minute period from July 7, 13:05 to 14:04, there was an almost USD of a powerful Bull Trend, which increased from $ 2.17 to $ 2.19, which represents a profit of 1.13%.
• The asset broke through the key resistance for $ 2.18 with exceptional volumes at 13: 57-13: 58 (143 856 units)Creating a cup of cup and handle that culminated in a decisive escape to $ 2.19.
• Support based on $ 2.16 during the center period (13: 17-13: 20) He held firmly, with the buyers aggressively entered to support the subsequent rally, which reached a peak to $ 2.19 than less profit in the last minutes.

CD20 WHIPSASS 1.17% Before finding support

The CD20 Index has experienced significant volatility in the last 24 hours from 6 July to 7 July 14:00, with a remarkable 1.17% of the price range (21,06 $) between a maximum of $ 1,793.57 and a low $ 1,772.50.

After reaching the peak during the early morning hours on July 7, the market entered the consolidation phase with a sharp $ 1.17% decrease to $ 1,772.50 at 13:00 before recovering to $ 1,780.94, indicating potential stabilization after earlier volatility.

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