Near Protocol reached a record open interest of $1.92 billion in futures contracts on October 12, nearly four times the level recorded between July and August. The token price followed the same upward trend, rising from around $1.60 in August to nearly $6. After hitting that peak, NEAR dropped to $5.07 while open interest fell back to approximately $1.5 billion. The RSI, which was above 75 in late September, has declined to around 55, indicating the market is no longer overextended.
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