In the last 24 hours, the cryptocurrency NEAR has demonstrated a growth of 10%. This movement was preceded by a short-term pullback, during which buyers held the key demand zone around $2.28. Maintaining this level allowed the asset to return to an upward trajectory. The original publication also mentioned the next resistance level around $3.
As of the time of publication, NEAR's network metrics corresponded with the price dynamics. The revenue of holders and the total value locked (TVL) reached monthly highs, indicating increased activity in the ecosystem. On September 9, the revenue of NEAR holders rose to a new monthly high of $723,000. Since then, the indicator has maintained positive dynamics. According to holder data, the network also recorded a week of consecutive growth.
The total value locked (TVL) increased to $197.99 million. This indicator reflects the activity of ecosystem participants in the long term. The simultaneous growth of holder revenue and TVL may indicate heightened interest in the network, especially after NEAR held the demand zone at $2.28.
On the daily chart, NEAR approached a significant level. The asset closed above the local maximum of $2.50. Considering that NEAR traded above key exponential moving averages (EMA), closing above $2.50 became a notable technical event. The original publication noted that if positions are maintained above the closing area, prevailing market sentiments may act as a tailwind. In case the asset fails to hold the $2.50 level, the original text allowed for a return to the $2.28 zone.