NEAR rises 5.7% to $1.73 before giving back gains

MEVictim · 2026-01-12T19:24:26+00:00

NEAR token rose 5.7% to $1.73 but later dropped to $1.68 due to sell volume, lacking strong conviction for a sustainable rally. The price movement reflected individual factors rather than broader market trends, with notable trading activity establishing support at $1.66-$1.67.

MEVictim

2026-01-12 19:24:26

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Source: CryptoNewsNet Original Title: NEAR rises 5.7% to $1.73 before giving back gains Original Link: AI-focused token NEAR climbed 5.7% following the U.S. market open at 2:30PM UTC, spiking to $1.73 before experiencing a wave of sell volume, taking price back down to $1.68.

The advance lacked the conviction-level volume typically seen in sustainable rallies. Market participants may now question whether the move signals genuine accumulation or fleeting retail interest.

The token’s move came with a catch. NEAR underperformed the broader cryptocurrency benchmark, indicating the rally reflected idiosyncratic factors rather than sector-wide momentum.

NEAR carved out a volatile $0.11 trading range between an intraday low of $1.6471 and a failed breakout peak of $1.7360. The session’s most significant volume event hit at 14:00 UTC with 6.41 million tokens in activity—79% above the 24-hour simple moving average of 3.58 million. The surge marked a decisive reversal from session lows and established strong support at the $1.66-$1.67 level.

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StakeOrRegret

· 01-14 22:16

It's the same trick again, pull it to 1.73 and then run, a classic case of false breakout.

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PuzzledScholar

· 01-13 22:29

It's the same old trick again, rushing in only to get knocked down. NEAR's temper really...

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MeaninglessGwei

· 01-12 19:54

A typical fake rally... It only rises a little before being crushed down. How long will it take for NEAR to break out like this?

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GasFeeCrier

· 01-12 19:53

It's the same old trick, rushing in only to get knocked down. This wave of NEAR is really disappointing.

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EyeOfTheTokenStorm

· 01-12 19:39

Once again, this kind of lackluster market trend, a 5.7% increase can't really hold up, with seriously insufficient volume, a typical false breakout pattern. --- From a technical perspective, this rebound lacks fundamental support. Falling back to 1.68 is a signal — retail investors are doing T, institutions have already exited. --- Nah, it's good enough if NEAR can hold steady at 1.70 at this price level. Don't expect any AI concept to lift it to the sky; the market cycle is what it is. --- Hitting 1.73 and then crashing? I suspect some big players are accumulating again. I've seen this kind of trend too many times. --- Honestly, it has no reference value, just noise fluctuations. It's still early for a bottom formation. --- Off-topic, why does the US market open look like this every time? Probably the rhythm of retail investors getting chopped up.

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ChainDoctor