$NEAR Protocol (NEAR) Market Update
NEAR Protocol (NEAR) is currently trading at $4.98, reflecting a 0.40% increase from the previous close.
Market Overview:
24-Hour Trading Volume: Approximately $1.4 billion, indicating active market participation.
Market Capitalization: Around $6.05 billion.
Recent Developments:
A significant $134,000 long position was liquidated at $4.995, highlighting the market's volatility.
Next Steps:
Support Level: $NEAR is approaching the $4.85 support zone. A successful hold above this level could indicate a potential rebound.
Resistance Level: A break above $5.11 may lead to further gains, with the next resistance around $5.50.
Pro Tip: Given the current market volatility, it's crucial to monitor NEAR's price action closely and consider risk management strategies when trading.