NEAR Jumps 81% in a Week as Dollar Open Interest Surges 119%
- —NEAR gained about 81% from Sept. 13 to Sept. 20 and trades near $4.50
- —Dollar-denominated open interest rose 119%, token-denominated OI rose 21%
- —Funding rates reached 1.6 times their two-month median
- —Daily RSI above 75 signals overbought conditions, support at $4.20–4.30
Why it matters: Rising price and leverage together raise the risk of a sharp correction, though derivatives positioning does not yet signal exhaustion.
Source: Cryptonews.net