Key Highlights
- NEAR traded at $1.65, up 5.89% over 24 hours, while its market capitalization reached approximately $2.15 billion.
- Trading volume increased roughly 24% to nearly $187 million, indicating higher activity alongside the price move.
- Technical indicators remained cautious, with moving averages showing a sell bias and the overall daily summary pointing toward selling.
NEAR Protocol’s token NEAR traded at $1.65, up 5.89% over the previous 24 hours, while its market capitalization rose 5.94% to approximately $2.15 billion, according to CoinMarketCap data. Trading volume reached approximately $187.3 million, up roughly 24% over the same period.
At the time of this writing (on Aug 12 at 6:20 pm UTC), the session’s price ranged from a low of $1.56 to a high of $1.68. Over the previous seven days, the token was down 3.12%. The all-time high of $20.42 was recorded on January 17, 2022, placing the current price 91.92% below that level. The all-time low stood at $0.526 on November 4, 2020.
Previously, on July 28, the NEAR token fell nearly 9% over 24 hours to trade around $1.67. It was down roughly 17% over the preceding week. Market capitalization at that time stood at $2.18 billion. Trading volume rose almost 79% to $181.83 million. The decline occurred alongside moves in other Layer-1 tokens.
Technical indicators remain cautious
In the one-day timeframe, oscillators showed a neutral reading, with one sell signal, nine neutral signals, and one buy signal. Moving averages showed a sell bias, with ten sell signals, one neutral signal, and four buy signals. The overall summary indicator pointed to selling.
On the Fibonacci scale, the central pivot stands at 1.618. Resistance levels are positioned at 2.618 (R1), 3.618 (R2), and 4.236 (R3), whereas support levels appear at 1.0 (S1), 0.786 (S2), and 0.618 (S3).
Classic pivots place resistance at 1.636, 1.645, and 1.655, with supports at 1.4487, 1.2353, and 0.6883. The Fibonacci readings cluster more tightly around the current price area than the classic set.
NEAR adds Intel-verified confidential inference
On August 12, NEAR Protocol said NEAR AI Cloud now runs confidential inference verified by Intel Trust Authority. Intel serves as a confidential hardware partner, supplying isolation for data protection.
According to the announcement, every workload returns an Intel-signed proof that can be checked independently. The protocol noted that most confidential computing systems require users to trust the same operator for both running and verifying the workload. NEAR AI Cloud separates the two functions, with NEAR operating the system and Intel providing independent verification.
Price remains below recent levels
The 24-hour chart showed the token advancing from levels near $1.55 early in the session, reaching a peak above $1.67 before settling near $1.65. The one-week chart displayed a decline from approximately $1.71 at the start of the period, with a low near $1.55 before a partial recovery to the current level.
Circulating supply and total supply were both listed at 1.3 billion NEAR. Fully diluted valuation matched the market capitalization at $2.15 billion. The number of holders was recorded at 12.75 thousand.
The recent advance comes as NEAR rebounds from its July decline while the protocol adds independently verifiable confidential inference to its AI Cloud platform.
Also Read: Goldman Gains $1B Bitcoin Income ETF Through NEOS Acquisition
