TLDR
- NEAR is trading around $5.16 after a sharp breakout from the $3 area.
- The token recently pushed as high as roughly $5.42 before sellers appeared.
- RSI has climbed to 79.91, placing NEAR firmly in overbought territory.
- MACD remains strongly positive, showing upside momentum is still active.
- The expected launch of the first U.S. spot NEAR ETF is a major catalyst behind the move.
NEAR Protocol has moved above $5 after one of its strongest price runs of 2026. Buyers pushed the token through a resistance zone that had held it back for much of the year.
NEAR was trading near $5.16 on September 28. It had reached an intraday high around $5.42 before pulling back.
The daily candle was down about 4.3% at one point. This suggested some traders were taking profits after the fast climb.
The size of the move stands out on the daily chart. NEAR was trading below $2 earlier this summer. It then moved through $3 and $4 during September.
Trading volume rose sharply during the breakout. This supported the speed of the price change.
NEAR clears major resistance
A key chart development is the break above the $3.10 to $3.50 resistance zone. This area had capped NEAR during 2025 and early 2026.
Price has now moved past this zone. Traders often watch a former resistance area to see if it becomes support during a pullback.
In the near term, the $4.50 to $4.80 range may draw attention. This area sits near the recent price acceleration.
Further above, the daily chart shows a larger resistance zone starting around $7.80 and reaching toward $9. Before that, $6 is seen as the next psychological level.
Some recent technical analysis has pointed to $5.75 to $6.00 as the next area to watch following the breakout.
Analyst Michaël van de Poppe described the NEAR chart as one of the best he has seen recently. He said the move looks like the first leg of a larger upward trend and suggested more upside may follow.
This is an absolutely great chart of $NEAR.
The good part is that it’s just getting started, as this is the first leg upwards of this entire leg.
Let’s go. pic.twitter.com/KTzwuoWAXi
— Michaël van de Poppe (@CryptoMichNL) September 27, 2026
The daily RSI stands at 79.91. This is above the widely used overbought threshold of 70.
ETF launch adds fuel to rally
MACD remains strongly positive despite the pullback from the highs. The MACD line sits near 0.79, above the signal line near 0.63. The histogram is positive at about 0.16.
Bitwise published the final prospectus for a spot NEAR ETF. Ticker NRR on NYSE Arca, dated September 24.
Custody is Coinbase Custody. The trust stakes its NEAR and keeps about 67% of the rewards. That part is standard for staking ETFs now, Bitwise runs the same structure on… pic.twitter.com/03vhfW5Aob
— Vadim (AI, ⋈) (@zacodil) September 25, 2026
This shows that momentum from the September rally has not faded, even though the high RSI leaves room for a pause.
A main driver behind the rally is the expected launch of Bitwise’s spot NEAR ETF. The fund has cleared key regulatory steps, giving investors a new way to gain NEAR exposure through regular brokerage accounts.
NEAR’s ecosystem has also drawn attention. NEAR Intents, a tool built to simplify cross-chain transactions, has reportedly processed more than $30 billion in volume.
NEAR has now moved from below $2 to above $5 within a few weeks. The RSI near 80 shows how fast this rally has developed.
The latest daily candle shows sellers stepping in around $5.40. NEAR still remains well above its former $3.10 to $3.50 resistance zone.
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