NEAR open interest jumps as price stalls in a tight range
NEAR's the tension point. NEAR's price edged up to 5.0367 dollars, but open interest jumped 17.46 percent even as the one-day return is negative at -8.26 percent. It's ranging between 4.95 dollars support and 5.05 dollars resistance, with…
NEAR's price edged up to 5.0367 dollars, but open interest jumped 17.46 percent even as the one-day return is negative at -8.26 percent. It's ranging between 4.95 dollars support and 5.05 dollars resistance, with funding leaning negative at -10.85 percent annualized, so shorts are paying up to stay in. This is a battleground: if 5.05 dollars breaks, there's air above; lose 4.95 dollars and it turns into a move the other way. The risk is fast, tricky flips if the range goes.
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