The NEAR Protocol (NEAR) is showing conflicting market signals, with strong on-chain activity pointing to a bullish trend while a rising spot sell-off suggests a potential bearish reversal.
On-chain data indicates a significant increase in user activity and liquidity. The Total Value Locked (TVL) on the NEAR Protocol has risen from $91.71 million to over $111 million, and its decentralized exchange (DEX) volume has hit a two-week high of $62.35 million. These metrics, along with technical indicators like the Average Directional Index (ADX) and the Chaikin Money Flow (CMF), confirm a strong buying trend and a 17% price increase over the last two weeks.
Despite these bullish signs, a notable amount of NEAR tokens has been sold off on spot markets. Over the past 48 hours, a total of $9.64 million worth of NEAR was sold, indicating that some traders are taking profits or that a bearish trend may be emerging. This sell-off could potentially weigh down NEAR’s price, even as on-chain investors continue to accumulate.
September 2025, Cryptoniteuae