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Near Protocol's open interest drops 9.5% amid 8% price decline to $4.50, signaling reduced trader risk exposure.

Technical Signals
24 Oct 2026
UToday
View Source
Bearish
Near Protocol's open interest drops 9.5% amid 8% price decline to $4.50, signaling reduced trader risk exposure.

Near Protocol's open interest fell 9.5% in 24 hours alongside a 7.9% drop in NEAR's price to about $4.50, reflecting traders reducing risk amid market correction. The token has lost over 13% in the past week, retreating from highs above $5.80 after a strong rally. Key support lies around $4.50, with potential further declines if this breaks, while reclaiming $4.90-$5.00 could signal renewed buying. The decline in open interest suggests shrinking derivatives exposure rather than new bullish bets, highlighting cautious sentiment in the near term.

NEAR Protocol is trading at Rp79.998 on Pluang, down 8.56% in the last 24 hours as of Oct 24, 2026 23:21 WIB. The platform shows a market cap of Rp103.17 trillion and a 69% buy order activity, indicating ongoing investor interest despite recent price declines.

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