NEAR just hit $3.60 - a 20-month high and Michael van de Poppe called the chart "absolutely phenomenal." The trigger wasn't the market. It was a product launch. • NEAR: ~$3.60 (+25% in 24h, intraday high 3.80) • 24h range: $2.71 → $3.56 • Volume: $1.916B • Confidential TVL: $70M+ (triggered 333,333 NEAR reward snapshot) • New feature: Confidential perpetual futures on https://t.co/vBzHIoJSH9, powered by Hyperliquid • Open Interest: Near yearly highs Here's the nuance the headlines miss. NEAR didn't rally because the market rallied. It rallied because you can now trade 50+ perps with up to 40x leverage and no one can trace your wallet. Van de Poppe: "NEAR is such a fabulous chart. Probably we'll be getting near towards a short-term top on this one, and therefore, buying the dip is the game. Next target remains to be $5." But two bearish signals are flashing: • RSI: 82 extreme overbought • Exchange netflow: Inflows outpacing outflows (selling pressure building) The fundamental story is real. The confidential TVL milestone, the Hyperliquid integration, and the Grayscale ETF filing are structural. The question is whether $3.60 is the top of the move or the beginning. If RSI is at 82 and exchange inflows are rising, does NEAR hold $3.50 into the weekend or is the short-term top already in?
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