NEAR Protocol rebounded from $2.52 to $2.73, reflecting strategic accumulation and growing confidence in its enterprise blockchain potential during the trading session.
NEAR Protocol demonstrated resilience during the July 30-31 trading session, recovering from a low of $2.52 to close at $2.73, marking an 8.27% rebound. This recovery coincided with high trading volume, particularly among institutional investors, indicating strategic accumulation. Notably, a significant selloff occurred on July 30, which defined a key accumulation zone. The final trading hour on July 31 saw further evidence of institutional participation, with volume surges pushing NEAR through resistance at $2.725. Overall, NEAR's performance aligns with a trend of institutional investment in Layer 1 blockchain protocols.