Tel Aviv, Israel - June 13, 2025: Cryptocurrency markets experienced a sell-off today, driven by escalating tensions between Israel and Iran, which triggered a broader market correction.
NEAR Protocol, a Layer-1 solution, demonstrated resilience despite the market downturn.
The price correction occurred despite strong fundamentals, with the token trading below key technical indicators.
NEAR Protocol has emerged as a leading Layer-1 solution, surpassing Ethereum, Binance Chain, and Tron in monthly active users.
This user growth highlights a shift towards platforms with lower transaction costs and improved usability.
Market analysts are observing NEAR's performance, with support at $2.20 and resistance at $2.30.
NEAR's focus on user-friendly infrastructure, including account abstraction and chain signatures, positions it as an attractive option for developers and users.
Its expansion into AI applications and web3 consumer apps further enhances its appeal.
If broader market conditions improve and institutional interest continues, NEAR has the potential for recovery.