NEAR has been holding on to a key support zone, but bulls' strength could be flagging.
Trading activity on NEAR Protocol has sharply decreased, with major exchanges seeing a 36% decline in 24-hour spot volume. Spot trading volume has decreased to about $39 million, according to CoinGlass data, but futures volume is still significantly higher at about $302 million.
NEAR Protocol operates as a proof-of-stake blockchain network designed to support smart contract functionality and decentralized applications. The project was co-founded by Illia Polosukhin and Alexander Skidanov, engineers with extensive experience in artificial intelligence and distributed computing systems.