NEAR (NEAR) jumped more than 15 percent in a single day as a leveraged whale bet and a sharp volume spike pushed the token above stubborn resistance.
Key Points:
- NEAR climbed 15 percent in 24 hours, with trading volume up 53 percent to $1.11 billion.
- On-chain trackers flagged a whale opening a 10x leveraged long on 2.34 million NEAR.
- Derivatives open interest rose 24 percent to $853.36 million, lifting both upside potential and liquidation risk.
NEAR Climbs 15 Percent
NEAR posted one of the market's strongest single-day moves, gaining more than 15 percent within 24 hours as on-chain trackers and trading desks reported a surge in activity. Volume rose 53 percent to $1.11 billion.
Buyers kept lifting the price after NEAR reclaimed several resistance zones that had capped earlier attempts.
The rally arrived as sentiment improved across large-cap altcoins, with capital rotating toward higher-beta tokens tied to the artificial intelligence narrative. Spot markets favored continuation over quick profit-taking, though the pace also widened intraday swings.
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Whale Adds Leveraged Long
Bullish conviction firmed after on-chain monitors flagged a whale wallet that, according to tracking data, opened a 10x leveraged long on 2.34 million NEAR, worth roughly $6.45 million.
The same trader reportedly queued limit buy orders for another 813,000 NEAR, valued near $2 million, around the $2.46 level.
That setup suggested the whale expected buyers to defend higher support rather than allow a deeper pullback. Large leveraged bets often shape short-term sentiment because they shift liquidity and draw attention from other traders. In this case the position grew while NEAR pushed above major resistance.
NEAR escaped a multi-month descending trend after reclaiming the $2.40 zone, then ran toward the $2.80 region. The move placed it closer to resistance near $3.07, a level that rejected buyers in late 2025.
Derivatives followed the price higher. Open interest climbed 24 percent to $853.36 million, a sign that fresh leveraged positions entered the market instead of short-covering. Rising leverage alongside rising price usually points to new money, not a temporary squeeze.
The RSI reached roughly 87 on the daily chart, deep into overbought territory. Such readings often follow long consolidation phases, but they also raise the odds of sharp swings as traders lock in gains.
Holding above $2.40 would keep a path open toward $3.07. A loss of demand could trigger a cooldown back to reclaimed levels.
NEAR's run extends a steep recovery from earlier this year, when the token slipped below $1 before rebounding. The rally gathered force in May after BitMEX co-founder Arthur Hayes named NEAR among his preferred altcoins, helping lift the token to a six-month high while Bitcoin and other majors stalled.
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