{"id":35265,"date":"2025-07-04T17:16:41","date_gmt":"2025-07-04T17:16:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35265"},"modified":"2025-07-04T17:16:41","modified_gmt":"2025-07-04T17:16:41","slug":"near-protocol-plunges-5-as-resistance-holds-bitwise-etp-launches","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35265","title":{"rendered":"NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches"},"content":{"rendered":"<div>\n<p>AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise&#8217;s NEAR exchange-traded product (ETP). <\/p>\n<p>The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high.<\/p>\n<p>The launch of Bitwise&#8217;s NEAR Staking ETP marks a significant milestone for institutional adoption of the protocol, allowing regulated investors to gain exposure to NEAR&#8217;s staking rewards through a traditional investment vehicle.<\/p>\n<p><strong>Technical analysis<\/strong><\/p>\n<ul>\n<li>NEAR has experienced a substantial decline of $0.124 (5.42%) over the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $2.294 to $2.170. <\/li>\n<li>The asset established a clear resistance zone around $2.290-$2.298 with multiple rejections, while breaking below key support at $2.220 on heavy volume (2.7M) during the 04:00 hour.<\/li>\n<li>The bearish momentum intensified with a volume spike to 2.83M at 07:00 when price reached its lowest point at $2.172, forming a potential double bottom with the 13:00 candle&#8217;s $2.167 low, suggesting possible stabilization despite the overall negative trend.<\/li>\n<li>During the last 60 minutes from 4 July 13:06 to 14:05, NEAR experienced significant volatility with a net decline of $0.018 (0.82%), dropping from $2.192 to $2.170.<\/li>\n<li>The asset established a clear resistance at $2.177 with multiple rejections, while showing notable selling pressure at 13:37-13:39 when price plummeted from $2.174 to $2.169 on heavy volume (119K).<\/li>\n<li>A brief recovery attempt occurred at 13:53 with a spike to $2.175 on substantial volume (77K), but momentum failed to sustain, with price ultimately settling into a consolidation pattern between $2.169-$2.171 in the final minutes of the period.<\/li>\n<\/ul>\n<p><strong>CD20 Index Plunges 2% as Bearish Momentum Accelerates <\/strong><\/p>\n<p>The CD20 index experienced significant downward pressure in the last 24 hours from 3 July 17:00 to 4 July 16:00, dropping from $1,788.41 to $1,756.06, representing a decline of $32.35 or 1.81%. <\/p>\n<p>The overall trading range during this period was $45.74 (2.56%), with the peak of $1,801.60 occurring on 3 July 21:00 followed by consistent selling pressure that intensified after 13:00 on 4 July, when prices fell sharply by nearly $15 within a single hour.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise&#8217;s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise&#8217;s NEAR Staking ETP marks a significant milestone for institutional adoption of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35265","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35265"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35265\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}