NEAR Protocol posted a 14% price increase, lifting the token into a bullish phase as investors react to the latest market movement.
Price Surge and Resistance Zone
The recent rally has driven NEAR’s price upward, yet a pronounced structural gap looms above the current level, signaling a potential barrier for further gains. Should selling pressure intensify, that resistance supply could trigger a sharp correction, challenging the token’s upward trajectory.
On‑Chain Capital Growth
Between June 13 and June 15, the Total Value Locked (TVL) associated with NEAR rose by approximately $19.6 million, bringing the metric to $168.47 million according to DeFiLlama. This expansion reflects growing on‑chain capital and suggests that investors are locking assets in anticipation of sustained price performance.
Spot Market Pressure
Despite the on‑chain optimism, spot‑market data reveals a net outflow of $1.22 million in NEAR over the past 24 hours, indicating that sellers outpaced buyers. The disparity between on‑chain inflows and spot‑market outflows raises questions about the durability of the recent price surge.