{"id":47581,"date":"2026-09-30T11:29:11","date_gmt":"2026-09-30T11:29:11","guid":{"rendered":"https:\/\/financialrush.com\/?p=47581"},"modified":"2026-09-30T11:29:11","modified_gmt":"2026-09-30T11:29:11","slug":"near-hits-a-21-month-peak-following-this-strong-catalyst-key-predictions-ahead","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47581","title":{"rendered":"NEAR Hits a 21-Month Peak Following This Strong Catalyst: Key Predictions Ahead"},"content":{"rendered":"

\n<\/p>\n

The popular altcoin has soared by 180% over the past month, and several hours ago it surpassed $5.50 for the first time since the start of 2025. It currently trades around $5.10 (per CoinGecko), up 7% for the day, making it one of the top performers today (September 30).<\/p>\n

The most obvious catalyst behind the latest uptick is the launch of the first spot NEAR ETF. Bitwise introduced<\/a> the product, dubbed NRR, with Coinbase Custody as custodian. The impressive rally has naturally fueled a wave of bullish predictions, with many analysts expecting further upside ahead. Others, though, warned that a major correction might come next.<\/p>\n

The Bullish Scenario<\/h2>\n

X user Nebraskangooner spotted<\/a> a double-bottom formation on the asset’s chart and claimed that “a strong monthly candle” is in progress. Team LAMBO Charts said<\/a> NEAR bulls have been waiting for years for the recent rally, speculating that a price discovery mode might be in the cards.<\/p>\n

WIZZ and Altcoin Sherpa also weighed in. The former\u00a0believes<\/a> that NEAR’s next stop is above $10, while the latter maintained<\/a> that the token’s performance will mostly depend on BTC.<\/p>\n

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“Break to the upside, and this was the low. If we break below 83k, though, then NEAR probably goes to $4 or lower. No position now, but currently watching very closely,” the analyst said.<\/p>\n<\/blockquote>\n

For his part, Crypto Rover highlighted<\/a> the launch of the first spot NEAR ETF and noted that Bitwise (the company behind the investment vehicle) recently raised its base-case price target to $155, while its bull-case target stands at $562.<\/p>\n

Michael van de Poppe has also been quite vocal on the asset lately. Earlier this month, he described<\/a> NEAR as “one of the easiest ones to hold in this bull market,\u201d saying he has been \u201chappily accumulating\u201d at $1.20-$1.50.<\/p>\n

‘Generational Short Opportunity’<\/h2>\n

Of course, not everyone is in the bulls’ corner. X user Gordon noted<\/a> NEAR’s triple-digit increase over the past month, alerting that such major pumps have historically been followed by violent corrections. The analyst went further, saying that NEAR currently presents a “generational short opportunity.”<\/p>\n

The token’s Relative Strength Index (RSI) backs the bearish theory. The ratio has surged past 70, suggesting NEAR’s price has risen too much in a short period, entered overbought territory, and may be setting up a pullback. The index runs from 0 to 100, where anything below 30 is considered bullish.<\/p>\n

<\/a>
NEAR RSI, Source: CryptoWaves<\/figcaption><\/figure>\n

The post NEAR Hits a 21-Month Peak Following This Strong Catalyst: Key Predictions Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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