NEAR Protocol Rallies 15% as Volume Doubles to $609M
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Near Protocol [NEAR] has extended its bullish advance after breaking out from a pennant formation. The token recorded a 15% price gain in the last 24 hours, with daily volume doubling to $609 million. This surge in both price and volume increases the likelihood of the anticipated breakout, with the next resistance level identified at $2.55.
The move coincides with an announcement from the NEAR Foundation regarding quantum-safe signing and confidential execution. On-chain metrics have improved alongside the price rise, with network inflows skyrocketing to $6.03 million over the past day. Long-term metrics also show bullish signals, as holder revenue jumped to $112K, indicating increased economic activity.
The token is now trading above all key EMAs on the daily chart, affirming the bullish setup. If buyers retain momentum and volume increases, NEAR could extend its uptrend toward the key point of interest. However, the magnitude of the rally raises the chance of a near-term correction. A rejection from $2.55 could lead to a retreat to the breakout zone where former resistance acts as support.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 6 September 2026. Not the outlet's figures.
Current Whalio data shows NEAR trading at $2.19 with a 1-hour buy ratio of 59.1% and a 4-hour buy ratio of 53.9%, indicating stronger short-term buying pressure compared to the 24-hour buy ratio of 49.5%. The 1-hour volume delta is positive at +$941,876, while the 4-hour delta is +$1,008,013, suggesting that recent trades are favoring buyers. In contrast, the 24-hour volume delta is -$500,988, showing that over the longer term, selling pressure has outweighed buying pressure. The cumulative volume delta (CVD) at the 24-hour close is +$495,906, indicating that net buying has occurred over the full day despite the negative delta. This divergence suggests that while immediate trading activity is bullish, the overall daily trend has seen more selling volume. Spot volume for the period stands at $55,959,984 across 378,753 trades.
The latest daily buy ratio of 49.0% sits at the 37th percentile of the last 324 days, against a median of 49.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.9%, making the current 24-hour ratio of 49.5% slightly lower by 0.4 points. Volume over the last 24 hours was 1.62 times the weekly average, indicating significantly higher trading activity than usual. Net buying occurred for 3 of the 7 days in the preceding week. The price change over the 8-day period was +17.3%, with a total volume delta of +$1,295,959. This recent day represents an unusual spike in volume compared to the standard weekly baseline.