NEAR Seeks to Clear $5 Barrier Amid Rising Open Interest

Near Protocol's NEAR token has extended its recent rally after breaking above the $4 resistance level, reaching an intraday high near $4.59 before settling around $4.50.

The move has strengthened the token's short-term market structure as traders assess whether momentum can carry NEAR toward the $5 level.

Data from Santiment shows that since September 13, NEAR gained approximately 81%, while dollar-denominated open interest rose 119% over the same period. Token-denominated open interest increased 21%, indicating that traders added significant exposure as the cryptocurrency moved through successive resistance levels.