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Near Protocol trading volume drops 36% amid sideways price action and cooling investor interest.

Market News
23 Jul 2026
UToday
View Source
Bearish
Near Protocol trading volume drops 36% amid sideways price action and cooling investor interest.

Near Protocol (NEAR) has seen a sharp 36% decline in 24-hour spot trading volume, falling to about $39 million while futures volume remains high at $302 million. This drop follows a period of sideways price movement and reduced volatility after NEAR surged above $3 earlier this year. Major exchanges like Binance, OKX, Bybit, and KuCoin report significant volume decreases, indicating waning speculative interest rather than panic selling. NEAR is currently trading near $1.89, just above its 200-day moving average, with balanced momentum and key resistance around $2. The asset may remain in consolidation unless volume increases and it breaks above resistance levels.

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