NEAR Protocol Price Surges 37% as Open Interest Jumps 59% — Is $5 the Next Target?

The NEAR Protocol price trades at $2.80, rising 37% in the past 24 hours as buyers reclaim control after months of indecision. The climb is an indication of regained strength in the market as NEAR heads to a vital resistance at 3.37. The Open Interest has shot up by a significant margin. This validates an increase in leveraged interests and capital inflows. A breakout above $3.37 with steady accumulation would prove a complete structural change to the target of $5.