NEAR Hits a 21-Month Peak Following This Strong Catalyst: Key Predictions Ahead

Can NEAR extend its rally or does it present a "generational short opportunity?" 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). The most obvious catalyst behind the latest uptick is the launch of the first spot NEAR ETF. Bitwise introduced 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. The Bullish Scenario X user Nebraskangooner spotted a double-bottom formation on the asset’s chart and claimed that “a strong monthly candle” is in progress. Team LAMBO Charts said NEAR bulls have been waiting for years for the recent rally, speculating that a price discovery mode might be in the cards. WIZZ and Altcoin Sherpa also weighed in. The former believes that NEAR’s next stop is above $10, while the latter maintained that the token’s performance will mostly depend on BTC. ...