$NEAR Single-day surge of 12%, reaching $3.8.

Meanwhile, there’s also new momentum in the ecosystem: NEAR has launched a confidential perpetual trading product. The underlying execution is provided by Hyperliquid, supporting up to 40x leverage.

At the same time, the TVL related to confidential trading has already surpassed $70 million and triggered an incentive snapshot, with on-chain capital attention clearly increasing.

Bullish thesis: The RSI has reached 86—an extremely overbought level among this batch of strong coins, and short-term capital sentiment is noticeably overheated.

That said, the stronger it gets, the more you need to watch volatility. The current focus isn’t chasing price; it’s observing whether capital flows and positions can continue to hold.

For this NEAR move—are we in an acceleration phase, or is it already nearing a peak in sentiment?