NEAR Protocol Price Drops 8% After Network Upgrade Despite Institutional Interest
The post NEAR Protocol Price Drops 8% After Network Upgrade Despite Institutional Interest appeared on BitcoinEthereumNews.com. Iris Coleman Aug 18, 2025 12:02 NEAR price falls to $2.57 (-8.22%) following successful hard fork completion, with technical indicators showing mixed signals and institutional selling pressure weighing on sentiment. Quick Take • NEAR currently trading at $2.57 (-8.22% in 24h) • NEAR RSI at 46.25 suggests neutral momentum with potential for reversal • Network upgrade completed successfully but institutional selling pressure dominates What’s Driving NEAR Protocol Price Today? NEAR Protocol completed a major network upgrade and hard fork at 01:00 UTC on August 18, 2025, marking a significant technical milestone for the blockchain. However, this positive development has been overshadowed by the lingering effects of heavy institutional selling that began on August 14. The recent price decline stems primarily from institutional sell-offs and South Korean exchange deposit suspensions that occurred during the network upgrade preparation. This selling pressure resulted in a 7% drop earlier in the week, with NEAR price struggling to recover despite the successful technical implementation. Despite earlier positive momentum from $7.6 million in institutional inflows on August 13 that drove NEAR price from $2.75 to $2.91, the subsequent institutional selling has created a challenging environment for bulls. The contrast between institutional buying and selling over the past week highlights the volatile nature of institutional flows in the NEAR Protocol ecosystem. NEAR Technical Analysis: Mixed Signals Emerge NEAR Protocol technical analysis reveals a complex picture with conflicting indicators. NEAR Protocol’s Daily RSI sits at 46.25, placing it in neutral territory but approaching oversold conditions. This NEAR RSI reading suggests the recent selling pressure may be creating an opportunity for potential reversal. The MACD histogram shows -0.0097, indicating bearish momentum for NEAR in the short term. However, the relatively modest negative reading suggests the downtrend may be losing steam. NEAR…
The post NEAR Protocol Price Drops 8% After Network Upgrade Despite Institutional Interest appeared on BitcoinEthereumNews.com.
Iris Coleman Aug 18, 2025 12:02 NEAR price falls to $2.57 (-8.22%) following successful hard fork completion, with technical indicators showing mixed signals and institutional selling pressure weighing on sentiment. Quick Take • NEAR currently trading at $2.57 (-8.22% in 24h) • NEAR RSI at 46.25 suggests neutral momentum with potential for reversal • Network upgrade completed successfully but institutional selling pressure dominates What’s Driving NEAR Protocol Price Today? NEAR Protocol completed a major network upgrade and hard fork at 01:00 UTC on August 18, 2025, marking a significant technical milestone for the blockchain. However, this positive development has been overshadowed by the lingering effects of heavy institutional selling that began on August 14. The recent price decline stems primarily from institutional sell-offs and South Korean exchange deposit suspensions that occurred during the network upgrade preparation. This selling pressure resulted in a 7% drop earlier in the week, with NEAR price struggling to recover despite the successful technical implementation. Despite earlier positive momentum from $7.6 million in institutional inflows on August 13 that drove NEAR price from $2.75 to $2.91, the subsequent institutional selling has created a challenging environment for bulls. The contrast between institutional buying and selling over the past week highlights the volatile nature of institutional flows in the NEAR Protocol ecosystem. NEAR Technical Analysis: Mixed Signals Emerge NEAR Protocol technical analysis reveals a complex picture with conflicting indicators. NEAR Protocol’s Daily RSI sits at 46.25, placing it in neutral territory but approaching oversold conditions. This NEAR RSI reading suggests the recent selling pressure may be creating an opportunity for potential reversal. The MACD histogram shows -0.0097, indicating bearish momentum for NEAR in the short term. However, the relatively modest negative reading suggests the downtrend may be losing steam. NEAR…
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