NEAR: Amid a minor recovery, here's where bears can play spoilsport

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After dropping towards its two-month baseline at the $9.77-level, NEAR bulls forced an upswing that the sellers finally negated near its ATH resistance zone in the $19-$20 range.

Timeline of Near-protocol

The NEAR Protocol Rainbow Bridge has survived a potential heist, as an attacker's attempt to steal funds on the network was promptly uncovered and foiled by security bots on the platform, resulting in a loss of 2.5 ETH for the…

Near protocol escaped what would have been a massive hack after an hacker tried to breach the platform. The rampant nature of crypto hacks and scams has made life unbearable for most people as they are always on their edge when dealing in the market.

NEAR, the native token on the namesake protocol, surged on Tuesday as the blockchain's widely anticipated stablecoin, USN, began trading. NEAR jumped nearly 10% from a three-week low, and is currently trading around $14.8.