NEAR Protocol Price Breakout Tests Crucial Support Level

NEAR Protocol's price has been on an upward trajectory since breaking out of its cup-and-handle pattern, reaching a weekly high of $4.55 before pulling back to around $4.30.

The Parabolic SAR support level at $3.26 is crucial for sustaining the bullish case, and NEAR must hold above this level to maintain its momentum.

Derivatives open interest has surged to $1.35 billion, with long positions absorbing a significant portion of a $15.29 million liquidation wave as the price cooled from its spike.

Ondo's tokenized shares of NVIDIA, Tesla, Apple, and QQQ have gone live on near.com through NEAR Intents, making it possible to purchase these shares using USDC, Bitcoin, or other assets across 30+ networks.