NEAR at this spot is a bit interesting.
The 15-minute line has risen 1.09%, and the trading volume has directly surged to 3.77x. Price has also broken above the upper edge of the past ~20 five-minute candlesticks—on the chart, it’s a real, solid breakout.
But note: OI is actually shrinking. The 15-minute contract position is -0.10%, and in the 1-hour timeframe it’s even -0.83%. Combined with aggressive trade volume difference +4.6% and the buy/sell ratio of 1.10, this pull-up looks more like short covering rather than fresh longs entering.
Price is pushing higher, while positions are being reduced—this suggests shorts are conceding. Whether it can keep going is something to question.
In the past 24 hours, the total trading value is 103 million, ranking 9th in the pool’s abnormal list. The nominal changes are also in the top 10, and the depth data isn’t bad. What’s missing is incremental capital moving in. This kind of order book usually depends more on continuation of sentiment than on trend strengthening itself.
The upper band has just been broken. If it can hold afterward, once the shorts are squeezed out there can be momentum. If it can’t hold, after the short covering is done, the situation may look very different.
Keep an eye on whether OI can catch up. Don’t get too carried away just because price moves—if OI doesn’t follow, be cautious.
The 15-minute line has risen 1.09%, and the trading volume has directly surged to 3.77x. Price has also broken above the upper edge of the past ~20 five-minute candlesticks—on the chart, it’s a real, solid breakout.
But note: OI is actually shrinking. The 15-minute contract position is -0.10%, and in the 1-hour timeframe it’s even -0.83%. Combined with aggressive trade volume difference +4.6% and the buy/sell ratio of 1.10, this pull-up looks more like short covering rather than fresh longs entering.
Price is pushing higher, while positions are being reduced—this suggests shorts are conceding. Whether it can keep going is something to question.
In the past 24 hours, the total trading value is 103 million, ranking 9th in the pool’s abnormal list. The nominal changes are also in the top 10, and the depth data isn’t bad. What’s missing is incremental capital moving in. This kind of order book usually depends more on continuation of sentiment than on trend strengthening itself.
The upper band has just been broken. If it can hold afterward, once the shorts are squeezed out there can be momentum. If it can’t hold, after the short covering is done, the situation may look very different.
Keep an eye on whether OI can catch up. Don’t get too carried away just because price moves—if OI doesn’t follow, be cautious.