NEAR Protocol’s recent market movement is led by a $19.52M TVL increase and a DEX volume spike to $62.35M, while a concurrent $9.64M 48-hour spot sell-off creates mixed price signals for NEAR Protocol’s short-term outlook.
-
$19.52M TVL inflow and DEX volume surge to $62.35M
-
48-hour spot net outflows total $9.64M, signaling profit-taking
-
Technical indicators (CMF 0.26, rising ADX) point to strong on-chain buying
NEAR Protocol price: $19.52M TVL inflow and DEX volume surge vs. $9.64M spot sell-off — read analysis and next steps.
What is driving NEAR Protocol’s recent market performance?
NEAR Protocol’s price action is being driven by a notable inflow into its Total Value Locked (TVL) and a jump in decentralized exchange (DEX) trading volume, while elevated spot-market selling creates countervailing pressure. On-chain accumulation and liquidity flows are the primary near-term drivers.
How are on-chain metrics versus spot flows affecting NEAR price?
On-chain metrics show accumulation: TVL rose from $91.71M on 7 September to $111.23M at press time, a $19.52M increase. DEX volume climbed to $62.35M — the highest since 23 August — indicating stronger on-chain trading activity and staking interest. Source: DeFiLlama (plain text).
At the same time, centralized exchange spot flows reveal profit-taking. Over the past 48 hours, NEAR offloads on spot markets totaled $9.64M, with $6.94M sold on 18 September and $2.90M sold today. Source: CoinGlass (plain text).
How do technical indicators support the current NEAR trend?
Technical indicators confirm bullish on-chain momentum. The Chaikin Money Flow (CMF) climbed to about 0.26, signaling buyer-dominated volume. The Average Directional Index (ADX) has been rising in parallel with price, indicating a strengthening trend. Source: TradingView (plain text).
On-chain volume and TVL: the $19.52M TVL increase suggests more NEAR tokens have been deposited or staked, supporting a bullish narrative led by network utility and liquidity growth.
Why does the spot sell-off matter for NEAR’s price outlook?
Spot sell-offs typically indicate profit realization. Two successive days of elevated spot outflows — $6.94M then $2.90M — heighten the risk of short-term downside, especially if on-exchange balances rise. If spot selling persists, it could overwhelm on-chain buying and lead to price corrections.
How should traders interpret these mixed signals?
Traders should weigh on-chain accumulation and rising DEX volume against exchange net outflows. Short-term strategies may include profit protection (scaled stop-losses) while longer-term holders can monitor TVL and staking flows for trend confirmation.
Netflow context: the $9.64M 48-hour net sell increases exchange supply and suggests traders are crystallizing gains; combined with rising TVL, this points to distribution from short-term holders while long-term participants add liquidity.
Frequently Asked Questions
Is NEAR Protocol currently in an accumulation phase?
Short-term on-chain data shows accumulation: TVL up $19.52M and higher DEX volume suggest inflows and staking activity. However, spot sell-offs signal simultaneous distribution, so accumulation is present but not uniform across market segments.
How much has NEAR’s TVL changed recently?
From 7 September to press time, NEAR’s TVL rose from $91.71M to $111.23M, an increase of $19.52M, indicating a notable uptick in tokens locked on the network.
Key Takeaways
- On-chain inflows: $19.52M TVL increase confirms active staking and liquidity growth.
- DEX activity: DEX volume rose to $62.35M, supporting stronger on-chain trading.
- Spot risk: $9.64M 48-hour spot sell-off may pressure price if it persists.
Conclusion
NEAR Protocol presents mixed signals: rising TVL and DEX volume support a bullish on-chain narrative, while substantial spot sell-offs introduce short-term downside risk. Monitor TVL, DEX volume, CMF and ADX for confirmation and watch exchange netflows for potential trend shifts.
