As the cryptocurrency landscape continues to shift and evolve, NEAR Protocol has made a remarkable entrance, solidifying its position as a noteworthy player. Recently, NEAR Protocol has successfully breached the $4 mark, with its current price hovering at $4.23.
This notable achievement comes alongside a substantial 24-hour trading volume of $75 million. Despite experiencing a marginal decline of 1.13% in the past day, NEAR Protocol holds a formidable rank of #22 on CoinMarketCap, boasting an impressive live market cap of around $4.25 billion.
The circulation of over 1 billion NEAR coins underscores its growing influence and significant footprint in the digital currency market.
Analyzing the technical outlook, NEAR Protocol’s pivot point is currently at $4.01, suggesting a crucial level for traders to watch. The asset faces immediate resistance at $4.53, with further resistance levels at $4.79 and $5.01.
On the downside, support is identified at $3.78, followed by additional levels at $3.51 and $3.23. These key price levels play a pivotal role in determining the short-term movements of NEAR Protocol.
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