$NEAR suddenly saw a surge in volume over 15 minutes, with trading volume jumping to 2.41x, a buy/sell ratio of 1.57, and an aggressive buy/sell imbalance of +22.1%—a clear sign that buyers were absorbing sell orders.
The price just closed above the upper end of the past 20 five-minute candles. It ranked fourth across the entire pool for notional change, while the OI anomaly percentile was 84.9%—strongly suggesting that new leveraged longs are entering, rather than this being driven purely by spot buying.
The 24-hour trading volume is just over 1 billion U, and liquidity in this pool is solid, so a rally here is more likely to hold than one in a small-cap coin. Watch whether it can hold above the top of this range over the next 15 minutes: if it can’t, it’s a false breakout; if it does, another leg up may follow.
The price just closed above the upper end of the past 20 five-minute candles. It ranked fourth across the entire pool for notional change, while the OI anomaly percentile was 84.9%—strongly suggesting that new leveraged longs are entering, rather than this being driven purely by spot buying.
The 24-hour trading volume is just over 1 billion U, and liquidity in this pool is solid, so a rally here is more likely to hold than one in a small-cap coin. Watch whether it can hold above the top of this range over the next 15 minutes: if it can’t, it’s a false breakout; if it does, another leg up may follow.