$NEAR More than doubled in just one month.
It closed at $2.298 on September 13, surged to a high of $6 yesterday, and has now pulled back to around $5.07.
It’s down about 15% from its peak, and many people are starting to panic. But this rally wasn’t driven purely by hype.
A few key points:
① Bitwise’s first U.S. spot NEAR ETF (NRR) launched on September 29, with $35.5 million in net inflows on its first day.
② NEAR Intents hit a record $4.8 billion in cross-chain trading volume in September, with fees used for buybacks.
③ A community proposal aims to cut the annual inflation rate from 2.5% to 1.6%.
The key level to watch now is $5.
If it holds, this is likely just normal profit-taking after the rally. If it doesn’t, wait for now—don’t rush to buy the dip.
It closed at $2.298 on September 13, surged to a high of $6 yesterday, and has now pulled back to around $5.07.
It’s down about 15% from its peak, and many people are starting to panic. But this rally wasn’t driven purely by hype.
A few key points:
① Bitwise’s first U.S. spot NEAR ETF (NRR) launched on September 29, with $35.5 million in net inflows on its first day.
② NEAR Intents hit a record $4.8 billion in cross-chain trading volume in September, with fees used for buybacks.
③ A community proposal aims to cut the annual inflation rate from 2.5% to 1.6%.
The key level to watch now is $5.
If it holds, this is likely just normal profit-taking after the rally. If it doesn’t, wait for now—don’t rush to buy the dip.