The global markets have navigted higher uncertainty following a public spat between US president Donald Trump and Tesla CEO Elon Musk.
Near the protocol has shown stability amid this volatility, recovering from a sharp 5.2% refusal to establish support to $ 2.42.
Recent price action shows promising signs of accumulation, with increasing volume in the second support test that generates a potential duplicate pattern under short time frames.
This technical structure, accompanied by a successful break above the $ 2.46- $ 2.47 zone resistance, suggests that consumers will regulate despite the broader market disturbance.
Near recovery may indicate growing institutional confidence in blockchain infrastructure projects with real-world utility.
Technical analysis
- Near-USD showed huge volatility over a 24-hour period, with a range of 0.132 (5.2%) between a high 2.547 and less than 2.415.
- The property experienced a sharp decline within 20:00 hours on June 4, establishing a basic support level at 2.423 with an average volume of 2.69m.
- A potential double bottom pattern formed with increasing volume in the second support test, which suggests accumulation at a lower level.
- The resistance established around 2.462-2.470, with the current recovery approaching this critical zone.
- At the last time, the near-USD showed significant bullish momentum, climbing from 2.433 to 2.455, representing a 0.9% gain.
- Price action is formed by a clear -up -to -known spikes at 07:15 (206K) and 07:37 (120k), which indicates the consumer’s strong interest.
- A temporary peak of 2.462 was reached at 07:34 before a sharp pullback to 2.445, which established a new support level.
- The recovery from this sink ended with a final pushing at 2.458 at 07:54, following the integration -including around 2.455.
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