Institutional Power Pushes NEAR Toward Stronger Future

NEAR Protocol rebounds from $2.57 to $2.73 amid $10.1M institutional inflows, holding firm above key support as policy shifts boost long-term adoption hopes.

NEAR Protocol showcased remarkable resilience on August 12, navigating intense intraday volatility while defending critical support zones. Prices initially surged from $2.643 to $2.678 by early afternoon before a rapid sell-off between 13:38 and 13:49 erased most gains, with selling volumes exceeding 200,000 tokens per minute. Support around $2.630–$2.635 once again held firm, and the token closed the hour at $2.644 after a modest rebound.

Over the prior 24 hours, NEAR staged an impressive comeback from $2.57 to $2.73—a 6% swing that highlighted robust buying demand. The rally followed an early dip to $2.58, quickly countered by aggressive bids pushing prices back toward resistance at $2.68–$2.73. Exceptional turnover of 8.01 million tokens reinforced the move, with $2.57–$2.59 acting as a reliable floor during multiple tests.
Institutional flows were the backbone of this recovery. Last week, $572 million entered global digital asset investment products, including $10.1 million into NEAR. This surge coincided with U.S. policy changes enabling digital assets in 401(k) retirement plans, unleashing $1.57 billion in late-week inflows and fueling optimism across the crypto sector. Analysts view these developments as pivotal for mainstream adoption, potentially expanding NEAR’s reach among long-term investors.

Technically, NEAR’s chart reflects a bullish recovery structure, with repeated high-volume reversals from $2.57–$2.59 and persistent selling pressure near $2.68–$2.73. As institutional momentum accelerates and regulatory winds turn favorable, NEAR may remain volatile but is increasingly supported by solid long-term buying interest.

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