The post NEAR Protocol Price Drops 2.5% Despite Recent Institutional Buying – Technical Analysis Shows Mixed Signals appeared on BitcoinEthereumNews.com.

Luisa Crawford
Aug 10, 2025 08:22

NEAR trades at $2.73 after a 2.5% daily decline, with RSI at neutral 54.28 while institutional accumulation continues following last week’s 5% rally driven by ecosystem growth.

Quick Take • NEAR currently trading at $2.73 (-2.50% in 24h) • NEAR RSI at neutral 54.28 with MACD showing bullish momentum • Recent institutional accumulation and ecosystem expansion providing underlying support What’s Driving NEAR Protocol Price Today? NEAR price action today reflects profit-taking following last week’s strong performance, despite continued institutional interest in the protocol. The current 2.5% decline comes after NEAR Protocol posted a significant 5% recovery between August 6-7, driven by institutional accumulation and ecosystem developments. The most recent catalyst was the August 7 rally where NEAR price surged from $2.47 to $2.60, though late-session volatility erased some gains as selling pressure emerged near the $2.61 resistance level. This pattern suggests traders are taking profits after the strong weekly performance while institutional buyers continue accumulating on dips. Earlier in the week, NEAR Protocol benefited from positive ecosystem news, including Aurora Labs showcasing incubator graduates and Subzero Labs securing $20 million in funding. The August 4 surge saw NEAR price break through key resistance levels with a 4.2% gain to $2.53, supported by record trading volumes that confirmed renewed institutional interest. Despite today’s pullback, the fundamental drivers remain intact. Daily trading volume on August 6 hit 3.44 million – over twice the average – indicating sustained market interest in NEAR Protocol’s growth trajectory. NEAR Technical Analysis: Mixed Signals Emerge NEAR Protocol technical analysis reveals a complex picture with both bullish and bearish elements competing for control. The NEAR RSI currently sits at 54.28, placing it in neutral territory and suggesting neither overbought nor oversold conditions. NEAR Protocol’s…

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Filed under: News - @ August 10, 2025 8:26 am