NEAR Protocol jumps 11.67% to $2.08 as long positioning rises and $2.20 resistance comes into focus

Near Protocol [NEAR] climbed 11.67% to $2.08 over the past 24 hours as trading activity increased and buyers returned following a period of heavy selling. Daily volume rose 25.41% to $625 million, indicating that the advance was supported by fresh capital rather than thin liquidity. The rebound came after NEAR briefly traded near the $1.85 region, where buyers had previously stepped in aggressively, allowing the market to regain footing around the $2.00 psychological level.

Despite the recovery, overhead resistance continued to limit attempts to push into higher price zones. At the time of writing, Binance's Top Trader Long/Short Ratio showed that 62.51% of positions were long against 37.49% short, producing a ratio of 1.67. The positioning indicated that larger participants maintained bullish exposure through the recent correction and continued to favor higher prices, while also leaving the market sensitive to liquidation risk.

The technical structure improved after NEAR defended the $1.857 support level and recovered toward the $2.207 resistance zone. The daily chart showed buyers regaining control following a sharp sell-off that erased gains from a recent double-top formation near $2.80, with the price steadily returning above $2.00. RSI, which had previously dropped near 40 during the decline, rebounded to 51.01 at press time, though it remained below its moving average of 61.46. A decisive break above $2.207 would keep the recovery structure intact, according to the technical setup.

Liquidation data pointed to growing leverage above current prices. The Binance liquidation heatmap highlighted one of the largest liquidity clusters between roughly $2.13 and $2.15, directly above NEAR's trading range, with additional smaller pockets extending toward $2.18 and $2.20. These zones frequently attract price action as forced liquidations generate order flow, placing the $2.20 area under close watch by traders monitoring the next stage of the move.