NEAR Price Surges on Layer-1 Rotation Dynamics

NEAR Protocol's price has surged by 4% to tap $1.99, with all major moving averages stacked below in bullish order.

However, a flatlined MACD and overbought RSI signal that the easy money is made, while a 12% OI flush on the rally indicates a short squeeze unwinding.

The market context suggests that NEAR's price move is driven by Layer-1 rotation dynamics, with capital flows cascading down the market cap ladder looking for high-beta catch-up trades.

Whales and informed money are positioned 66.7% long, with smart money not fading this rally, according to top-trader ratios.