NEAR Protocol recently observed a 4% surge after experiencing a 12.8% drop from $2.50 to $2.18 within 24 hours. This price correction occurred amidst escalating geopolitical tensions, specifically Israel's military actions in Iran, triggering a widespread sell-off in the crypto market. Despite this volatility, NEAR has established itself as the second most utilized Layer-1 blockchain, boasting 46 million monthly active users, surpassing competitors such as Ethereum and Binance Chain. Market analysts attribute this resilience in user growth to NEAR's emphasis on user-friendly features, including account abstraction, which attract developers and users. While immediate price movements show consolidation with support at $2.20 and resistance at $2.30, the surge to $2.239 on high trading volume suggests potential for recovery if broader market conditions stabilize. NEAR's focus on expanding into AI applications and Web3 consumer apps may further bolster its long-term position in the market.

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