NEAR Shows Volatile Recovery Amid Wave of Sell Pressure
NEAR Protocol whipsawed through a $0.12 range before a late selloff drove prices to key support, as institutional crypto inflows signal resilience amid broader market caution.
Updated Aug 11, 2025, 11:14 a.m. Published Aug 11, 2025, 11:14 a.m.
NEAR Protocol fell 0.98% in the final hour Monday, sliding from $2.755 at 09:14 to $2.730 by 10:13 as selling pressure intensified. Attempts to reclaim $2.765 resistance failed, even after an 81,064-unit volume spike at 09:56, leaving sellers in control. Support at $2.729–$2.730 halted the drop, with consecutive zero-volume minutes into the close hinting at near-term consolidation.
The late decline capped a volatile 23-hour stretch from August 10–11, with NEAR swinging between $2.696 and $2.817. Despite recovering from early lows, it closed at $2.729, down 1.25% overall. The whipsaw action reflects broader caution in crypto markets, where geopolitical tensions and shifting trade policies have kept traders on edge.
Even as short-term sentiment wavered, digital asset investment products drew $572 million in inflows—led by Ethereum ($268M) and Bitcoin ($260M)—signaling institutional confidence after recent payroll-driven outflows. Apex Invest Digital’s partnership with Coinbase Asset Management for a Swiss institutional program added to signs of accelerating mainstream adoption.
NEAR’s ability to hold support suggests potential stabilization if selling eases, though traders may wait for fresh catalysts before re-engaging. Strong institutional inflows could help offset macroeconomic headwinds, but the token remains sensitive to global developments, making it a key gauge of broader crypto sentiment.
Key Technical Indicators
- NEAR exhibits significant volatility during 23-hour August 10-11 session, trading $0.12 range (4%) between $2.70 low and $2.82 peak.
- Cryptocurrency demonstrates recovery pattern, declining to $2.71 before staging rally to $2.82 at August 11 02:00, supported by elevated 3.99 million unit volume.
- Key resistance emerges at $2.82 level triggering reversal on high volume, while support materializes near $2.70-$2.71 with multiple successful bounces.
- NEAR continues volatile trajectory during final 60 minutes from August 11 09:14 to 10:13, experiencing pronounced $0.027 (-1%) decline from $2.76 to $2.73.
- Session characterized by persistent selling pressure with failed recovery attempts, notably around $2.77 at 09:32 despite elevated 81,064-unit volume at 09:56.
- Key support levels emerge around $2.73 zone stabilizing decline, while session concludes with consecutive zero-volume minutes suggesting market exhaustion and potential consolidation ahead.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CD Analytics
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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