Close Menu
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
What's Hot

fraud – Is it normal to be asked for an advance fee on a withdrawal?

October 11, 2025

How to Trade Long Tailed Pin Bar Signals on Daily Charts » Learn To Trade The Market

October 11, 2025

Google updates Misrepresentation policy for Shopping Ads and free listings

October 11, 2025
Facebook X (Twitter) Instagram
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Facebook X (Twitter) Instagram
Cointelegraphe
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Cointelegraphe
Home»Bitcoin»NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches
NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches
Bitcoin

NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches

adminBy adminJuly 5, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP).

The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high.

jwp-player-placeholder

The launch of Bitwise’s NEAR Staking ETP marks a significant milestone for institutional adoption of the protocol, allowing regulated investors to gain exposure to NEAR’s staking rewards through a traditional investment vehicle.

Technical analysis

  • NEAR has experienced a substantial decline of $0.124 (5.42%) over the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $2.294 to $2.170.
  • The asset established a clear resistance zone around $2.290-$2.298 with multiple rejections, while breaking below key support at $2.220 on heavy volume (2.7M) during the 04:00 hour.
  • The bearish momentum intensified with a volume spike to 2.83M at 07:00 when price reached its lowest point at $2.172, forming a potential double bottom with the 13:00 candle’s $2.167 low, suggesting possible stabilization despite the overall negative trend.
  • During the last 60 minutes from 4 July 13:06 to 14:05, NEAR experienced significant volatility with a net decline of $0.018 (0.82%), dropping from $2.192 to $2.170.
  • The asset established a clear resistance at $2.177 with multiple rejections, while showing notable selling pressure at 13:37-13:39 when price plummeted from $2.174 to $2.169 on heavy volume (119K).
  • A brief recovery attempt occurred at 13:53 with a spike to $2.175 on substantial volume (77K), but momentum failed to sustain, with price ultimately settling into a consolidation pattern between $2.169-$2.171 in the final minutes of the period.

CD20 Index Plunges 2% as Bearish Momentum Accelerates

The CD20 index experienced significant downward pressure in the last 24 hours from 3 July 17:00 to 4 July 16:00, dropping from $1,788.41 to $1,756.06, representing a decline of $32.35 or 1.81%.

The overall trading range during this period was $45.74 (2.56%), with the peak of $1,801.60 occurring on 3 July 21:00 followed by consistent selling pressure that intensified after 13:00 on 4 July, when prices fell sharply by nearly $15 within a single hour.





Source link

ai-market-insights Bitwise ETP holds Launches Plunges Protocol Resistance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

fraud – Is it normal to be asked for an advance fee on a withdrawal?

October 11, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025

Brazil’s OranjeBTC Goes Public, Boosts LATAM Bitcoin Push

October 8, 2025

Rally Fueled by ‘Perfect Storm,’ ETH, DOGE, BNB Surge

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Insights

fraud – Is it normal to be asked for an advance fee on a withdrawal?

October 11, 2025

How to Trade Long Tailed Pin Bar Signals on Daily Charts » Learn To Trade The Market

October 11, 2025

Google updates Misrepresentation policy for Shopping Ads and free listings

October 11, 2025

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025
ads

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

About Us
About Us

At CoinTelegraphe, we are dedicated to bringing you the latest and most insightful news, analysis, and updates from the dynamic world of cryptocurrency. Our mission is to provide our readers with accurate, timely, and comprehensive information to help them navigate the complexities of the crypto market.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

fraud – Is it normal to be asked for an advance fee on a withdrawal?

October 11, 2025

How to Trade Long Tailed Pin Bar Signals on Daily Charts » Learn To Trade The Market

October 11, 2025

Google updates Misrepresentation policy for Shopping Ads and free listings

October 11, 2025
Get Informed

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

Please enable JavaScript in your browser to complete this form.
Loading
  • About us
  • Contact Us
  • Shop
  • Privacy Policy
  • Terms and Conditions
Copyright 2024 Cointelegraphe Design By Horaam Sultan.

Type above and press Enter to search. Press Esc to cancel.