NEAR eyes $5 after Jio perpetuals launch

Key points

• NEAR Intents launched confidential perpetual contracts tied to Jio Platforms on Tuesday, ahead of the Reliance Group company's scheduled Wednesday listing, offering derivative exposure rather than share ownership.
• Bitwise's NEAR-focused ETF saw $4.84 million in net outflows Tuesday after $1.40 million in inflows Monday, according to SoSoValue data, following four consecutive weeks of inflows.
• The article says NEAR traded around $4.74, above its 50-day EMA at $4.33 but below a descending trendline near $5.02, with RSI near 49.

AI summary of CoinJournal’s report, written only from the publisher’s text. Read the original for full context.