NEAR Protocol Jump 6% as Institutional Money Enter $7.6M, Dey Try $2.94 Resistance
NEAR Protocol jump 5.8% from $2.75 go $2.91 between August 12 and 13, as e get over $7.6 million institutional money enter body. The crypto break plenty resistance level and set strong support for $2.76, with volume peak pass double the 24-hour average. For the last hour, NEAR Protocol short time pullback touch $2.94 resistance before e calm down around $2.90 for low volume. The bigger market trend make Layer-1 assets dey popular, as global crypto investment products cash inflows reach $572 million. Weekly active users for NEAR Protocol jump 18.4% to 16 million, pass Solana wey get 14.8 million, e dey based on partnership with Aurora Labs plus more developers wey dey join. All these things show say NEAR get solid bullish waka and e fit try test $3.00 psychological level soon.
Bullish
Plenti institution dem dey put like $7.6 million for inside NEAR Protocol and e dey break resistance one after another, na sign say market believe strong for am. Di volume wey big pass double di daily average confirm say di market dey bullish, plus di support for $2.76 mean say e get solid floor. Users wey dey grow pass Solana show say network adoption dey strong. Di same kain moves for other Layer-1 tokens sometimes before dem go enter strong rally, e show say NEAR Protocol fit test $3 level short term. Long-term fundamental still dey gidigba because of strategic partnership and how developers dey increase dia activities.