$NEAR +188.8% over 90 days, but it is higher than the 200-day average by 151.1%, and the data indicates a price extension that calls for caution.
NEAR recorded strong momentum over 90 days and ranked #1 in the momentum ranking for a research paper rotation portfolio (not a recommendation), with a close at 4.89 versus a 200-day average of 1.95.
Meanwhile, the data points to downside risk: the largest drawdown from peak to trough over 90 days was 23.2%, and the 30-day volatility range (one standard deviation) was 3.32 to 7.19 statistically, not as a forecast.
Derivatives activity is relatively balanced, with open interest of $250.40 million, down 1.1% from $253.26 million a week earlier, an average funding rate of 0.0076% per 8 hours, an aggressive buy ratio of 47.7%, and spot volume of $205.64 million. #NEAR #MarketUpdate
Source: Public Binance data. Not financial advice.
NEAR recorded strong momentum over 90 days and ranked #1 in the momentum ranking for a research paper rotation portfolio (not a recommendation), with a close at 4.89 versus a 200-day average of 1.95.
Meanwhile, the data points to downside risk: the largest drawdown from peak to trough over 90 days was 23.2%, and the 30-day volatility range (one standard deviation) was 3.32 to 7.19 statistically, not as a forecast.
Derivatives activity is relatively balanced, with open interest of $250.40 million, down 1.1% from $253.26 million a week earlier, an average funding rate of 0.0076% per 8 hours, an aggressive buy ratio of 47.7%, and spot volume of $205.64 million. #NEAR #MarketUpdate
Source: Public Binance data. Not financial advice.