What to know:
- NEAR Protocol, the cryptocurrency that’s been giving me more excitement than a live taping of 30 Rock, surged 3% in 24 hours from $2.60 to $2.68. That’s right, folks, it’s up 45% since June 17, and I’m not even wearing my best wig! 🤑
- Bitwise, the fund manager with more AI buzzwords than a tech startup’s mission statement, is fueling the fire. They’re talking about “billions of AI agents” managing capital, which sounds like a plot for a new sci-fi movie. 🤖💰
- Key levels and volume spikes? More like key levels and volume spikes of excitement! Resistance at $2.70-$2.72, support at $2.56-$2.62, and a high trading activity peak of 5.81M tokens. It’s like a rollercoaster, but with numbers! 📈📉
NEAR Protocol has been on a tear, ascending from $2.60 to $2.68 in the past 24 hours. It’s like the cryptocurrency version of a Broadway show that’s suddenly a hit. 🎭
NEAR is now up by 8% over the past few days, having surged by 45% since June 17. The move reflects optimism across the wider altcoin ecosystem, which is more optimistic than a room full of improv actors. 🎉
A broader artificial intelligence (AI) token rally has propelled the sector’s aggregate market capitalization to $33.64 billion. That’s more money than I’ve ever seen in my life, and I’ve been to a lot of fancy parties! 💸
Fund manager Bitwise also published a post on X (formerly Twitter) about how the Near Protocol would use “billions of AI agents” to manage capital and execute trades. It’s like they’re trying to turn the stock market into a video game. 🕹️
Technical Indicators Highlight Trading Patterns
- Overall trading range reached $0.16, representing 5.89% of the trading range during the 24-hour period under examination. It’s like a mini-vacation for your portfolio! 🌴
- High-volume surge of 5.81 million tokens occurred at 16 July 14:00, significantly exceeding the 24-hour average of 2.55 million tokens. It’s like a flash mob, but with tokens! 🕺
- Key resistance emerged at $2.70-$2.72 levels where price reversed on elevated volume during peak trading hours. It’s like the market hit a speed bump, but in a good way. 🛑
- Support consolidated around $2.56-$2.62 with multiple successful retests throughout the trading session. It’s like the market is doing a trust fall, and it’s catching itself every time. 🤝
- The final 60 minutes from 16 July 15:06 to 16:05 demonstrated a decline from $2.71 to $2.68, representing a 1.11% drop with a $0.05 intraday range. It’s like a mini-dip in the pool, refreshing but not too deep. 🏊♀️
- Sharp sell-off period featured elevated volume spikes exceeding 230,000 tokens at 15:16 and 15:36 during the consolidation phase. It’s like a sudden rainstorm, but the market has an umbrella. 🌧️
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2025-07-16 20:32