News

NEAR Jumps More Than 11% on Deal Bringing Tokenized Stocks to the Network

The NEAR cryptocurrency rose 11.38% after NEAR Protocol announced a partnership with Ondo Finance. The deal gives eligible users outside the United States access to 20 tokenized stocks and ETFs.

In practice, anyone using Near.com can trade stablecoins and other compatible cryptocurrencies for these products. The offering starts with part of Ondo's catalog and is expected to grow, with plans to work across different blockchains.

On the chart, the coin trades above its 20-, 50-, and 200-day averages, a sign of an uptrend across several time frames. Immediate support sits at $4.552 and resistance at $4.805. Indicators like the MACD and ADX confirm buying strength, but the RSI at 80.60 and the CCI at 144.65 show the asset overbought, which usually precedes pauses or corrections.

The turnaround draws attention because, shortly before, analysts' reading was a bearish bias. Now, the $4.805 level becomes the main test for whether the rally continues.

Source: Traders Union.

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