At the same time as the intraday spot trading volume surpassed $270 million, the $NEAR price rose to around $4.53. The increase over the past 24 hours accelerated further, expanding to nearly 9%. Riding the momentum, its rank jumped from 8th in the previous period to 4th on the spot abnormality leaderboard.
Compared with most assets that rely on relatively thin liquidity to surge, the order book shows high-density trading under deep liquidity: in the past 24 hours, the number of matched spot trades exceeded 1.7 million, with trading value over $272 million. The price action and the level of trading activity clearly exhibit a coordinated acceleration.
However, after the price quickly climbed and approached the $4.55 resistance zone, a handoff-and-contest between dense overhead trading areas and short-term profit-taking lots has also emerged. The key point to watch after the volume-assisted breakout is whether the current roughly $200 million-scale trading heat can translate into steady absorption above $4.50, and to guard against severe volatility following a spike-driven rally.
#NEAR #Crypto
Compared with most assets that rely on relatively thin liquidity to surge, the order book shows high-density trading under deep liquidity: in the past 24 hours, the number of matched spot trades exceeded 1.7 million, with trading value over $272 million. The price action and the level of trading activity clearly exhibit a coordinated acceleration.
However, after the price quickly climbed and approached the $4.55 resistance zone, a handoff-and-contest between dense overhead trading areas and short-term profit-taking lots has also emerged. The key point to watch after the volume-assisted breakout is whether the current roughly $200 million-scale trading heat can translate into steady absorption above $4.50, and to guard against severe volatility following a spike-driven rally.
#NEAR #Crypto