A daily-chart support range of $4.30-$4.60 framed NEAR Protocol (NEAR)'s 7.12% 24-hour decline, with the token at $4.39 at 3:46 p.m. ET (19:46 UTC) Thursday.
NEAR was also below its 20-day and 50-day exponential moving averages. On Oct. 29, open interest was reported at $807.46 million and funding at 0.003%.
Open interest totals the value of derivatives contracts that remain active, but the aggregate figure does not show how positions divide between bullish and bearish bets. The funding rate had eased from levels seen in several previous weeks. At 0.003%, it can reflect either less appetite for leveraged long positions or a more bearish stance; the figure alone does not indicate which explanation applies. These measures describe positioning and cannot establish whether NEAR will remain in the chart range.
An earlier Oct. 29 reading at 11 a.m. ET showed a decline of about 10% over the preceding 24 hours. The 7.12% change at 3:46 p.m. ET came from a different rolling 24-hour window.
