$NEAR Gets an ETF Boost — Could Another 25% Rally Be Next?
NEAR Protocol has been showing strong momentum, and one of the key catalysts behind the recent move is the launch of the Bitwise NEAR ETF (NRR) on September 29.
According to CoinMarketCap data, the ETF attracted approximately $58.35M in net inflows during its first week.
More importantly, the fund directly holds NEAR and stakes its tokens, potentially creating institutional demand while reducing part of the supply available for active trading.
Now the technical structure is becoming equally interesting.
On the 4-hour timeframe, NEAR has successfully broken above its Resistance Lines and the major $3.10–$4.63 Resistance Zone.
Price is now consolidating inside a Symmetrical Triangle near the important $4.92 trading level.
The key support area sits around:
Cumulative Long Liquidation Leverage: $4.76–$4.90
If buyers successfully defend the $4.76–$4.92 area, I expect NEAR to potentially begin another bullish move of at least 10%.
But the bigger opportunity comes if price breaks above the upper boundary of the Symmetrical Triangle with strong momentum.
Such a breakout could open the door for an extension of approximately 25% from the current structure.
For now, $4.76–$4.92 is the area bulls need to defend, while a confirmed triangle breakout could signal the next major leg higher.
What comes first for NEAR?
🟢 Break above $5 and extend higher
🔴 Another correction before the breakout
#Near
NEAR Protocol has been showing strong momentum, and one of the key catalysts behind the recent move is the launch of the Bitwise NEAR ETF (NRR) on September 29.
According to CoinMarketCap data, the ETF attracted approximately $58.35M in net inflows during its first week.
More importantly, the fund directly holds NEAR and stakes its tokens, potentially creating institutional demand while reducing part of the supply available for active trading.
Now the technical structure is becoming equally interesting.
On the 4-hour timeframe, NEAR has successfully broken above its Resistance Lines and the major $3.10–$4.63 Resistance Zone.
Price is now consolidating inside a Symmetrical Triangle near the important $4.92 trading level.
The key support area sits around:
Cumulative Long Liquidation Leverage: $4.76–$4.90
If buyers successfully defend the $4.76–$4.92 area, I expect NEAR to potentially begin another bullish move of at least 10%.
But the bigger opportunity comes if price breaks above the upper boundary of the Symmetrical Triangle with strong momentum.
Such a breakout could open the door for an extension of approximately 25% from the current structure.
For now, $4.76–$4.92 is the area bulls need to defend, while a confirmed triangle breakout could signal the next major leg higher.
What comes first for NEAR?
🟢 Break above $5 and extend higher
🔴 Another correction before the breakout
#Near
