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Near Protocol (NEAR) Surges to $4.50, Dollar-Denominated Open Interest Jumps 119%, Analysts Eye $5 Target
Near Protocol (NEAR) has surged to trade around $4.50 after hitting an intraday high of $4.59, marking a significant shift from its recent $2.40-$2.60 consolidation. From September 13 to September 20, NEAR gained approximately 81% in price, while its dollar-denominated open interest rose by 119%. Analysts believe the strength of the breakout could push NEAR to test the psychological $5 level in the near term, despite the daily RSI indicating overbought conditions.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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