Can NEAR push past $2.70? – Identifying its KEY price zones

Key Points

1. NEAR Protocol's network activity has increased, with Nansen's HOT Wallet handling 2.9 million transactions in the past week, and core infrastructure and Ref Finance adding significant transaction volumes.

2. NEAR's price was $2.67 at the time of writing, up 5.38% on the day, with potential for further movement depending on whether it breaks above $2.71 or pulls back toward $2.40.

3. Development activity on NEAR has shown recovery since early July, though it remains below May highs, which could influence builder confidence.

4. Binance's funding rates for NEAR flipped positive this week, indicating a potential shift in derivatives sentiment.

5. Liquidation clusters around $2.70 could drive volatility, with the RSI indicating overbought conditions, making this price level critical for NEAR's short-term direction.