NEAR protocol’s token surged nearly 119%, breaking above the $4 level and hitting an intraday high of approximately $4.59, currently trading around $4.50. Between September 13 and 20, the price gained approximately 81%, while dollar-denominated open interest rose 119% and funding rates reached 1.6 times their two-month median. The daily RSI has climbed above 75, indicating overbought territory with the price nearly doubling in a short timeframe. If momentum persists, the psychological $5 level becomes the next target after the immediate resistance at around $4.60. Support levels to watch are $4.20 to $4.30, with a deeper correction potentially bringing the price back to the $3.80 to $4.00 range.
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