Ethical Innovations: Embracing Ethics in Technology

Ethical Innovations: Embracing Ethics in Technology

Menu

NEAR Protocol Surges 6.1% Amid Market Volatility, Establishes Strong Support at $2.174

NEAR Protocol experienced a notable price increase of 6.1%, breaking through a key resistance level at $2.324 amidst broader market volatility influenced by geopolitical tensions. The token reached a local high of $2.354 shortly after 14:00, followed by minor consolidation.

Despite the uncertain macroeconomic environment, NEAR has shown resilience, establishing solid support at $2.174 before decisively surpassing the $2.300 resistance with above-average trading volume recorded at 3.05 million during the breakout hour around 13:00.

The price movement indicated strong buying momentum during specific periods, particularly between 01:00-02:00 and 05:00-07:00, culminating in a significant bullish breakout that saw NEAR rise from $2.321 to $2.353 within an hour.

Investors are closely observing how traditional market fluctuations may affect digital assets like NEAR, which has emerged as a relatively stable option amid global economic uncertainties following last week's market-wide sell-off linked to escalating conflicts in the Middle East between Iran and Israel.

In technical analysis terms, NEAR's climb from $2.219 to its peak represented a range of approximately $0.182 with established support suggesting continued bullish sentiment moving forward.

Original article

Bias analysis

The provided text on NEAR Protocol's price increase is replete with various forms of bias and language manipulation. One of the most striking aspects is the framing of NEAR as a "relatively stable option" amidst global economic uncertainties, which can be seen as an implicit endorsement of the cryptocurrency's value. This virtue signaling creates a positive association with NEAR, implying that it is a safe haven in uncertain times. The use of words like "resilience" and "solid support" further reinforces this narrative, creating a sense of reliability and dependability around the token.

The text also exhibits cultural and ideological bias through its emphasis on traditional market fluctuations affecting digital assets like NEAR. This framing assumes that traditional markets are the norm, while digital assets are somehow separate or anomalous. This creates a binary opposition between old and new economies, with NEAR positioned as part of the latter. Furthermore, the mention of geopolitical tensions influencing market volatility reinforces Western-centric views on global politics, where conflicts in the Middle East are presented as significant events affecting global markets.

Racial and ethnic bias is not explicitly present in this text; however, there is an implicit marginalization of non-Western perspectives through the focus on Middle Eastern conflicts as a key driver of market volatility. The omission of other regional or global events that may impact markets creates an incomplete picture, reinforcing Western-centric views on geopolitics.

The text also exhibits linguistic and semantic bias through its use of emotionally charged language like "notable price increase," "strong buying momentum," and "bullish breakout." These phrases create a sense of excitement and optimism around NEAR's performance, which can influence readers' perceptions positively. Additionally, euphemisms like "broader market volatility" obscure agency by downplaying human involvement in market fluctuations.

Selection and omission bias are evident in the text's focus on specific time periods (01:00-02:00 and 05:00-07:00) for strong buying momentum without providing context for these periods or exploring alternative explanations for NEAR's price movement. This selective presentation creates an incomplete narrative that reinforces bullish sentiment around NEAR.

Structural and institutional bias are subtly present through the assumption that traditional market fluctuations will continue to influence digital assets like NEAR. This assumption reinforces existing power structures within financial markets without questioning their legitimacy or potential biases.

Confirmation bias is evident in the text's acceptance without question that geopolitical tensions drive market volatility. The narrative presents one-sided evidence (Middle Eastern conflicts) to support this claim without considering alternative perspectives or evidence from other regions.

Framing and narrative bias are apparent in the story structure presented by this text. The narrative begins with a notable price increase followed by consolidation before breaking out to new highs, creating a sense of progression toward greater success for NEAR investors. Metaphors like "breaking through" reinforce this narrative structure by emphasizing overcoming obstacles to achieve success.

When evaluating sources cited within this material (none explicitly mentioned), it would be essential to assess their ideological slant if they were provided to determine whether they reinforce particular narratives about cryptocurrency markets or broader economic trends.

Finally, temporal bias manifests through presentism – focusing primarily on current events (Middle Eastern conflicts) rather than exploring historical context or potential future scenarios beyond immediate market fluctuations surrounding these conflicts

Cookie settings
X
This site uses cookies to offer you a better browsing experience.
You can accept them all, or choose the kinds of cookies you are happy to allow.
Privacy settings
Choose which cookies you wish to allow while you browse this website. Please note that some cookies cannot be turned off, because without them the website would not function.
Essential
To prevent spam this site uses Google Recaptcha in its contact forms.

This site may also use cookies for ecommerce and payment systems which are essential for the website to function properly.
Google Services
This site uses cookies from Google to access data such as the pages you visit and your IP address. Google services on this website may include:

- Google Maps
Data Driven
This site may use cookies to record visitor behavior, monitor ad conversions, and create audiences, including from:

- Google Analytics
- Google Ads conversion tracking
- Facebook (Meta Pixel)