NEAR Price Soars 90% in One Week: Can Buyers Sustain Momentum?

NEAR Protocol's price has skyrocketed by over 90% in the past week, with the token currently trading at $4.37 according to Coinglass.

This rapid gain has raised questions about whether buyers still have enough fuel to sustain the momentum.

The NEAR market cap stands at $5.72 billion against a circulating supply of 1.30 billion tokens, and derivatives dominate the token's trading volume with $2.89 billion in futures against $717.99 million in spot.

Positioning leans long, but short covering has likely added fuel to the climb, leaving the token exposed if momentum fades.