With the effect of the tension between Israel and Iran, harsh sales movements were observed last Friday in the crypto currency market. In this process, Near Protocol experienced significant price volatility despite the high user increase and platform features. Near Protocol, Ethereum in terms of the number of active users in recent months $2,537.59Binance Chain and Tron, leaving behind great competitors, such as a Layer-1 block chain solution stands out.
User growth and basic features in Near Protocol
Low trading costs and user -friendly structure offered by the platform increase its preference. Near Protocol’s infrastructure improvements for developers and end users; Functions such as account abstraction and chain signatures stand out. These innovative steps attract both block chain developers and web3 application developers.
In addition, Near, AI -based applications and web3 consumer products are also growing. It is stated that the realization of transactions faster and costly in the orientation of users to the platform is also an important role. Technical analyzes, on the other hand, show that there is volatility in short -term price movements despite the powerful user base of the platform.
Price fluctuation and technical analysis data
In the last 24 hours, Near’s price against the dollar decreased from $ 2.50 to $ 2,18 with a decrease of 12.8 percent. According to analysts’ reports, the most intensive sales were realized at night with a high trading volume and caused $ 2,37 to become a strong resistance zone.
Near, who was supported by $ 2.18, recorded a short recovery and sat in the balance between $ 2.21-2.25. However, the recovery realization of the recovery indicates that investors are cautious. The price movement points to the consolidation process by creating lower peaks and higher bottoms. Critical support is at $ 2,20 and the resistance is at $ 2,30.
Short -term price movements
High fluctuations on an hourly basis were observed in Near’s price. Starting from $ 2,217, the rise brought a quick climb up to $ 2,239. Especially in short -term transactions, a significant price splash, while the increase in volume drew attention.
The most prominent movement was seen with a 4 percent leap between 13: 31-13: 40. In this process, the price reached $ 2,235 with a high volume, where a new point of resistance was formed. In the short -term withdrawal in 13:25, it was observed that buyers came into play at $ 2,214. While the hourly closing takes place at 2,223 dollars, this situation is considered to be trying to recover the price.
“Although the Near protocol attracts the attention of both investors and developers with its low trading fees and user -friendly structure, volatility and macroeconomic developments throughout the market can create significant fluctuations in the short term.
In the general view, increasing user interest and technological innovations of the platform can contribute to Near Protocol’s positive image drawing in the medium and long term. However, global developments in the crypto market and general risk appetite may play a decisive role on Near’s price movements. The transaction volume stands out as an important indicator for the direction of the price in the short term. Developments are carefully monitored for investors.
Thanks to its innovative features, Near Protocol becomes a platform that is more preferred by web3 and artificial intelligence applications developers. However, in the short term, global risks can increase price volatility. In the event that market conditions and corporate interest are sustainable, Near Protocol can maintain its stable growth.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
