Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant downside for a number of altcoins.Despite NEAR Protocol's impressive milestone of reaching 46 million monthly users, the token has struggled to maintain price stability in the current geopolitical climate. It currently trades at $2.11 after falling from a high of falling from $2.38.Technical AnalysisNEAR experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline.A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level.Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average.Price action formed a descending channel with resistance at $2.29 and support at $2.19.Recent consolidation has occurred near the lower boundary of the channel. • High-volume selling pressure suggests further downside risk.Modest recovery from $2.189 indicates potential stabilization if buyers defend current support.In the last hour, NEAR showed significant volatility, rising from $2.200 to $2.218 before correcting to $2.199.A clear bullish channel formed between 13:05-13:35, gaining 8.5% with notable volume spikes.Strong rejection at the $2.218 resistance level led to a rapid sell-off between 13:41-13:44.Sell-off volume exceeded 100,000 units, confirming the bearish reversal.New support established at $2.198, aligning with the lower boundary of the descending channel.