JPMorgan Files Trademark for Digital Asset Platform as Wall Street’s Crypto Embrace Continues
NEAR Surges 6% to Break Key Resistance
- News In 4 Seconds
Oliver Knight
- 0
- 26 minutes read
BTC
$107,729.38
+
2.00%
ETH
$2,643.43
+
4.05%
USDT
$1.0003
+
0.01%
XRP
$2.3235
+
6.09%
BNB
$658.73
+
1.66%
SOL
$157.96
+
4.18%
USDC
$0.9999
+
0.02%
TRX
$0.2828
+
3.59%
DOGE
$0.1790
+
1.38%
ADA
$0.6554
+
3.46%
HYPE
$44.93
+
10.47%
WBT
$51.49
+
31.21%
SUI
$3.1300
+
4.00%
BCH
$467.45
+
1.99%
LINK
$13.89
+
5.18%
LEO
$9.2296
+
0.27%
AVAX
$19.88
+
3.97%
XLM
$0.2696
+
3.27%
RYO
$4.1502
+
0.96%
TON
$3.0238
+
1.76%
Share this article
By Oliver Knight, CD Analytics
Jun 16, 2025, 3:19 p.m.
- NEAR Protocol demonstrates remarkable strength with a 6.1% gain despite broader market volatility, breaking key resistance at $2.324 with significant trading volume.
- The token briefly reached a local high of $2.354 at 14:00 before minor consolidation.
NEAR Protocol has emerged as a bright spot in the cryptocurrency sector, surging 6.1% over the past 24 hours despite the uncertain macroeconomic environment.
The token established solid support at $2.174 before decisively breaking above the $2.300 resistance level with above-average trading volume.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.
The recovery comes after a market-wide sell-off last week due to the escalating conflict in the middle east between Iran and Israel.
Investors are closely monitoring how traditional market volatility might impact digital assets, with NEAR’s recent price action suggesting some cryptocurrencies may offer relative stability during periods of global economic uncertainty.
Technical Analysis
- NEAR-USD climbed from $2.219 to $2.350, representing a 6.1% gain with a price range of $0.182.
- The token established a solid support level at $2.174 during the early hours.
- A decisive breakout above $2.300 occurred with significantly above-average volume (3.05M) in the 13:00 hour.
- Key resistance levels at $2.324 were overcome as the price formed a series of higher lows.
- Strong buying momentum emerged during the 01:00-02:00 and 05:00-07:00 periods.
- In the last hour, NEAR-USD experienced a significant bullish breakout, surging from $2.321 to $2.353 (1.38% gain).
- A key resistance level at $2.324 was decisively broken at 13:30.
- The token briefly reached a local high of $2.354 at 14:00 before minor consolidation.
- New support established at $2.348, suggesting continued bullish sentiment.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
