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By Oliver Knight, CD Analytics
Updated Jun 26, 2025, 2:28 p.m. Published Jun 26, 2025, 2:28 p.m.
- NEAR Protocol experienced a significant 5% drop over 24 hours amid intensifying selling pressure.
- Recent ceasefire between Iran and Israel provided temporary relief but failed to sustain NEAR’s price momentum.
The cryptocurrency market is feeling the effects of broader uncertainty in equities as NEAR Protocol dropped 5.01% from $2.16 to $2.06 during the 24-hour period from June 25 to June 26.
The bearish pressure culminated in a sharp sell-off between 13:36-13:51 on June 26, when NEAR plunged to a session low of $2.05 on heavy volume exceeding 154K tokens.
STORY CONTINUES BELOW
Technical Analysis
- NEAR formed a clear bearish channel with resistance at $2.17-$2.19 and support at $2.09-$2.10, which was eventually broken on heavy volume exceeding 3.9M NEAR during the 12:00 hour.
- Notable volume spikes occurred during the 09:00-12:00 timeframe as selling pressure intensified, with the asset reaching its lowest point at $2.05 during the 13:00 hour.
- A potential double bottom pattern formed in the final 15 minutes of the analyzed period as buyers stepped in with increasing volume, suggesting possible short-term stabilization.
- The total price range over the 24-hour period was $0.14 (6.55%), indicating significant volatility.
CoinDesk 20 Index Whipsaws as Early Gains Evaporate
- The CD20 demonstrated significant volatility over the last 24 hours from 25 June 15:00 to 26 June 14:00, with a price range of $22.40 (1.29%).
- After reaching a peak of $1,762.50, the index retreated to $1,740.10, as early bullish momentum gave way to consistent selling pressure throughout the morning session.
- This pattern erased nearly all gains and suggests potential further downside if support at $1,740 fails to hold.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
