NEAR price nears $6 with $1.95B in open bets: What’s next?

NEAR Protocol (NEAR) has surged 12.58% to approximately $5.85 on October 12, approaching the $6 resistance level as futures open interest climbed 19.16% to $1.95 billion and trading activity increased across exchanges. According to CoinGecko, which recorded NEAR trading near $5.85, the cryptocurrency gained 16.37% over seven days while its 24-hour trading volume reached approximately $1.22 billion. The platform reported an 81.20% increase in daily trading activity, with market capitalization reaching nearly $7.65 billion. Meanwhile, CoinGlass data showed rising futures positions as traders prepared for another possible move above $6.

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