Near the fall of Protocol 7% Following a failed rally while Korean exchanges suspend operations

Near the protocol saw a higher volatility at 24 hours ending August 14 at 14:00 UTC, with prices changing between $ 2.78 and $ 3.05 before repairing at $ 2.82.

Decline from $ 3.05 resistance to $ 2.75 support was driven by heavy institutional sale, covering nearly 20 million tokens during the peak pressure. Despite this, the basis of the asset remains strong, supported by a massive active user base of 16 million weekly participants.

By the time following the sale, close to gaining 0.35% to $ 2.83, trading within a controlled range of $ 0.07 between $ 2.81 and $ 2.85. The main institutional purchase has emerged at many intervals, helping the token violation of short-term resistance to $ 2.83- $ 2.84 and reach the high $ 2.85 session.

Trade volume is eased at about 100,000 tokens per minute, suggesting accumulation rather than speculation -of -the -retail activity, with initial support that forms close to $ 2.81- $ 2.82.

Market performance indicators reflect the mix -a -corporate perspective

• Near the protocol recorded a huge price volatility with a $ 0.26 trading range representing 8.53% movement between the session high of $ 3.05 and less than $ 2.78.
• Cryptocurrency initially showed up upward momentum from $ 2.90 to reach $ 3.05 at night trade, which established technical resistance at the $ 3.04- $ 3.05 level.
• Significant sale of the institution occurred on August 14 between 12: 00-13: 00 UTC with an exceptional trading volume of 19.99 million and 12.22 million tokens respectively.
• Daily trading activity exceeds the 24-hour average of 5.47 million tokens, reflecting the increased institutional sale pressure.
• The market price declined for $ 2.75 before the interest in the purchase of the corporation supported a recovery at $ 2.82 in the nearby session.
• High -volume sales patterns suggest potential continued reduction in risk despite moderate recovery attempts, according to strategic markets.

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