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Jamie Redman

NEAR Price Rallies to $2.41 After 54% Weekly Gain as Shorts Cover and OI Tops $720M

NEAR traded near $2.41 on Sunday, rising about 54% over seven days and 13% in the past 24 hours as short covering and fresh leveraged positioning helped drive momentum. Open interest climbed above $720 million and 24-hour volume exceeded $1 billion, while the market also focused on NEAR's AI positioning and its Intents-based chain abstraction narrative. The protocol's next major roadmap checkpoint is Dynamic Resharding, targeted for June 2026.