NEAR’s Wild Ride: 4.6% Jump Amid Chaos – Who Forgot to Tell the Market It’s a Circus?

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What to know:

  • NEAR Protocol, that stubborn little blockchain, decided to show off and surged from $2.479 to $2.593—4.60% of pure, unadulterated hope. 🚀
  • The US and China, those trade titans, threw punches at each other’s tech sectors. Naturally, crypto got caught in the crossfire, like a drunken boxer stumbling into the ring.
  • Meanwhile, Europe‘s Central Bank—trying to look clever— hinted at rate cuts, as if that would solve anything in this madhouse. 🎭

The latest tariffs are just the cherry on top of this global economic cake. Tech assets, including NEAR, are bouncing around like children on a sugar high, thanks to the chaos. Meanwhile, the banks are crawling through a swamp of slowing growth and inflation that refuses to take a vacation.

Technical Analysis

  • There was a volume explosion at 13:00-15:00—like a fireworks show—when NEAR broke through the $2.53 barrier. Over 3 million units traded in a blink, proving some folks are all in or just plain bored. 🎆
  • The pattern? A cup-and-handle, of course. Support at $2.49-$2.50, and after a late-night dip at 21:00, buyers bounced back like a cat from water.
  • Just in the last hour, NEAR’s price sneaked up from $2.541 to $2.562—less than a percent, but who’s counting? 🤷‍♂️
  • At 01:25-01:26, the price leaped above $2.55 on volume worth over 116,000 units—proof that some traders still have hope (or just love chaos).
  • The hourly graph shows an ascending channel—support at $2.547, resistance at $2.562—like a mountain climber inching upward, dreaming of reaching $2.60 or beyond if that roller coaster keeps rolling.

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2025-06-04 11:20