NEAR Protocol saw sharp intraday swings on Aug. 12, with prices climbing from $2.643 to $2.678 by 13:35 before reversing swiftly. The sell-off, concentrated between 13:38 and 13:49, erased most hourly gains as the token fell to $2.634 on heavy volume exceeding 200,000 tokens per minute. Profit-taking at the $2.675–$2.680 resistance level—identified in prior sessions—capped the rally, while the $2.630–$2.635 zone once again provided firm support. NEAR closed the hour at $2.644 after a low-volume rebound attempt.
Over the prior 24 hours, NEAR rebounded strongly from $2.57 support to touch $2.73, a 6% range that showcased aggressive buying interest. The move followed an initial dip from $2.68 to $2.58 before buyers regained control, sending prices back to $2.68 with exceptional turnover of 8.01 million tokens.
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