NEAR Price Holds Its Triple Floor After a Leverage Washout

On Saturday, NEAR fell to about $4.34 as $11.65 million in long positions were liquidated in the hour to 14:20 UTC, then buyers lifted it from a support band around $4.27-$4.29. That band is where three chart levels overlap: the 0.382 Fibonacci retracement, the rising 50-day moving average, and the Oct. 8 swing low. NEAR futures open interest fell about 9.5% over the next day, indicating closed positions and forced exits. NEAR was about 3% above the floor, with the 0.236 Fibonacci level near $4.93 overhead. Its NEAR Intents cross-chain swap system reported cumulative volume above $32 billion and more than $8 million in buybacks, after an early-October $3.8 million exploit paused it and affected users were made whole.