NEAR Protocol gained 12% in 24 hours to reach $5.84, breaking above the previously identified $5.60 resistance level after rebounding from the $4.10-$4.70 demand zone. The protocol recorded a record September Swap Volume of $4.76 billion, representing a 72.9% increase and indicating heavier use of its cross-chain trading infrastructure. Short liquidations reached $6.4 million versus $1.1 million for longs, adding additional buying pressure. The key challenge for buyers now is defending the $5.60 level to sustain the recovery beyond the liquidation-driven surge.
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
