NEAR daily volume surged, coin price broke through $2.38, rising over 5%.

[Coin World] On July 11 (UTC+8), the trading volume of NEAR Protocol (NEAR) significantly rose in the past 24 hours, with a one-hour trading volume once exceeding 4.62 million coins, driving the coin price from $2.26 to $2.38, with a daily increase of over 5%. Reports indicate that NEAR has formed a key technical support level around $2.29, with institutional buying pressure appearing during the session. Currently, NEAR has been included in Grayscale's Decentralization AI Fund, with a weight of 28.4%; at the same time, Bitwise has launched a NEAR staking ETP on the Deutsche Börse, providing more liquidity entry points for the European market. Affected by Bitcoin's rise above $113K, the overall market sentiment is strong, and NEAR, as a high-performance L1 protocol, has gained attention again. Analysts expect that if the support area can be stabilized, NEAR is likely to test the target range above $2.50–$3.00 in the medium term.