Damn, $NEAR the 11th is really flying high now, brothers! Just look at the 1W chart—since the bottom of last month, it’s already pulled up more than 122%, and it even broke the 21-month high, for real, not a joke. As for the macro picture, it’s clearly a strong uptrend—the price keeps staying above the key MA lines.
Zooming in on the 4H timeframe: although the price at $5.336 is a bit sluggish, the RSI at 59.9 shows momentum is still healthy, with no sign of exhaustion yet. The MA7 ($5.2266) and MA25 ($5.1011) are still doing a very good job supporting the price. On top of that, there are hot news items like Bitwise’s NEAR ETF (NRR) which was just launched on 29/9, opening the door for institutional money to flow in. And there’s also the proposal to reduce the annual token issuance from 2.5% to 1.6%—a deflationary signal that’s very promising for the long term. Just on 10/7, $NEAR also integrated Robinhood Crypto Chain into near.com, expanding retail reach even further. The $3.8M exploit on Intents that the team handled cleanly—getting all the funds back—also proves their credibility.
Zooming in on the 4H timeframe: although the price at $5.336 is a bit sluggish, the RSI at 59.9 shows momentum is still healthy, with no sign of exhaustion yet. The MA7 ($5.2266) and MA25 ($5.1011) are still doing a very good job supporting the price. On top of that, there are hot news items like Bitwise’s NEAR ETF (NRR) which was just launched on 29/9, opening the door for institutional money to flow in. And there’s also the proposal to reduce the annual token issuance from 2.5% to 1.6%—a deflationary signal that’s very promising for the long term. Just on 10/7, $NEAR also integrated Robinhood Crypto Chain into near.com, expanding retail reach even further. The $3.8M exploit on Intents that the team handled cleanly—getting all the funds back—also proves their credibility.