NEAR Surges 8% as Altcoins Turn Bullish

NEAR Protocol's value increased significantly, rising from $2.60 to $2.68, marking an 8% gain over the past few days and a 45% surge since June 17. This upward trend aligns with a broader positive sentiment within the altcoin market, particularly in the artificial intelligence (AI) token sector, which now has a market capitalization of $33.64 billion. Technical analysis shows that during the trading session there was a trading range of $0.16. A surge of 5.81 million tokens occurred at 14:00 on July 16th. Resistance was found between $2.70-$2.72 and support consolidated around $2.56-$2.62. In the final 60 minutes there was a decline from $2.71 to $2.68 with increased sell offs.