Near the protocol (near) organized a modest intra -day recovery in the last 60 minutes of negotiation on July 30, going from $ 2.62 to a session summit of $ 2.63 before going back to $ 2.62.
Although the movement may seem marginal, it took place on a context of persistent downward pressure, reflecting a nuanced showdown between a new movement of challenge and the opposite winds on the market.
A notable peak in the volume of exchanges – taking a step at 219,646 units at 13:57 UTC – presents a possible signal of institutional interest to lower assessments, despite the wider contraction of prices throughout the day.
The increase coincided with the official beginnings of RHEA finance on the LBANK Stock Exchange at 2:00 p.m. UTC. RHEA, a unified DEFI platform combining almost native protocols Ref Finance and Burrow, entered the market supported by 4.5 million dollars in funding from Jump Crypto and Dragonfly Capital.
The time of its launch may have stimulated speculative positioning or short -term accumulation, although its impact has been insufficient to fully reverse intraday losses. Almost closing the 24 -hour window by almost 3%, from $ 2.70 to $ 2.63 in the middle of a sustained resistance in the $ 2.73 to $ 2.73 area.
The N -quarter trajectory remains emblematic of the current DEFI market: the expansion of ecosystems and the innovation of the protocol take place, but the prices of tokens continue to reflect prudence. The convergence of CONSOLIDATION DEFI via RHEA innovation and layer 2 via Wake places near the center of the evolution of the infrastructure, but until the key resistance levels are violated and supported, the token appears in consolidation mode.
Technical analysis
- Price movement 24 hours a day: Down $ 2.70 to $ 2.70 to $ 2.63
- Resistance zone: $ 2.73 to $ 2.74, rejected several times during high volume periods
- Level of support: $ 2.63 to test; Failure can open up to $ 2.61
- Key volume: 219,646 units at 13:57 UTC, almost 4x schedule
- Fork: $ 0.14 intraday swing (5.1% of the peak), from $ 2.74 to $ 2.61
- Market structure: Rejection at high volume to resistance, consolidation close to support in the middle of the lower canvas
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