NEAR Protocol has rebounded after the NEAR Intents security exploit that resulted in $3.8 million in lost funds. The token posted seven consecutive hours of gains and reclaimed its 20-day and 50-day exponential moving averages, driven by retail trader participation. Trading volume has declined by 10% to $1.52 billion over the last 24 hours, while Open Interest shrank by 9% to $265 million. These readings indicate that institutional traders and leveraged participants remain cautious despite the price improvement, which could hinder the sustainability of the rebound.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
