NEAR has something interesting in this spot.
At 15m, volume surged 1.73x. The price pushed through the upper edge of nearly 20 consecutive 5m candles, and the buy-side initiative is clearly stronger as well—there’s a 14.2% gap in aggressive (taker) trades. This isn’t a kind of quantity that pure retail by guesswork could push through.
More importantly, OI is following. At 15m OI is +0.28%, at 1h it’s +0.52%. The nominal net increase totals over 3 million U, and the percentile directly jumps to 99.4%, ranking 5th in the whole pool for abnormal activity. This kind of structure where OI keeps stacking upward across multiple consecutive intervals—about 80% of the time it’s new leveraged long positions entering, not short covering causing a fake spike.
Over the last 24h, turnover is 158M. Since the pool doesn’t have top-tier liquidity levels, this magnitude of OI movement stands out even more.
It’s also very close to the recent and historical extreme range. If it can place volume and hold above this breakout level during the session, there may be another leg up afterward. If it breaks down, that’s another story—leverage stacks quickly and unwinds quickly too.
At 15m, volume surged 1.73x. The price pushed through the upper edge of nearly 20 consecutive 5m candles, and the buy-side initiative is clearly stronger as well—there’s a 14.2% gap in aggressive (taker) trades. This isn’t a kind of quantity that pure retail by guesswork could push through.
More importantly, OI is following. At 15m OI is +0.28%, at 1h it’s +0.52%. The nominal net increase totals over 3 million U, and the percentile directly jumps to 99.4%, ranking 5th in the whole pool for abnormal activity. This kind of structure where OI keeps stacking upward across multiple consecutive intervals—about 80% of the time it’s new leveraged long positions entering, not short covering causing a fake spike.
Over the last 24h, turnover is 158M. Since the pool doesn’t have top-tier liquidity levels, this magnitude of OI movement stands out even more.
It’s also very close to the recent and historical extreme range. If it can place volume and hold above this breakout level during the session, there may be another leg up afterward. If it breaks down, that’s another story—leverage stacks quickly and unwinds quickly too.