NEAR Protocol’s spot trading volume dropped by 36% in 24 hours to approximately $39 million, according to CoinGlass data. The decline impacts all major exchanges: Binance down over 30%, OKX and Bybit over 38%, and KuCoin nearly 57%. This comes as NEAR trades around $1.89, above its 200-day moving average but below its 50-day moving average, in a consolidation phase following its rally above $3 earlier this year. Derivatives data remains supportive of buyers, with long/short ratios still favoring bulls on major platforms.
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