NEAR surges 32% – Assessing why $3.17 could be next target
NEAR Protocol's token surged 32% due to Thorwallet's cross-chain integration and a recent halving event that reduced supply. The halving cut the maximum annual inflation rate from 5% to 2.5%, creating a potential deflationary supply shock. Institutional interest is rising, with Open Interest in derivatives reaching $219 million. A liquidity cluster at $3.17 suggests this could be the next target for traders. Overall, bullish sentiment and strong buy-side pressure indicate that NEAR's rally may continue if momentum holds.
Amb Crypto·