The global markets are sailing increased uncertainty following a public spit between US President Donald Trump and Tesla CEO Elon Musk.
Near the protocol demonstrated resilience in the midst of this volatility, recovering from a sharp decrease of 5.2% to establish support at $ 2.42.
The recent price action shows promising accumulation signs, with an increasing volume on the second support test forming a potential double -bottomed pattern on short deadlines.
This technical structure, combined with successful rupture above the resistance zone from 2.46 to $ 2.47, suggests that buyers regain control despite larger market turbulence.
The resumption of N Quart can indicate growing institutional confidence in blockchain infrastructure projects with real public service.
Technical analysis
- The quasi-USD showed substantial volatility over a period of 24 hours, with a range of 0.132 (5.2%) between the top of 2.547 and the lowest of 2.415.
- The assets experienced a sharp decline during the 8:00 p.m. on June 4, establishing a level of key support at 2.423 with an average volume of 2.69 m.
- A double -bottom potential pattern formed with an increasing volume on the second support test, suggesting an accumulation at lower levels.
- The resistance was established around 2,462-2,470, the current recovery approaching this critical area.
- During the last hour, the quasi-USD demonstrated a significant bullish momentum, going from 2,433 to 2.455, representing a gain of 0.9%.
- Price action has formed a clear rise trend with notable volume tips at 07:15 (206k) and 07:37 (120k), indicating a strong interest from the buyer.
- A temporary peak of 2.462 was reached at 07:34 before a net withdrawal at 2.445, establishing a new level of support.
- The recovery of this drop led to a final push at 2.458 at 07:54, followed by a consolidation around 2.455.
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