NEAR Hits Highest Price in 20 Months: Why One Analyst Calls the Chart ‘Phenomenal’

"It's just a matter of time until this will reach $5," Michael van de Poppe stated. NEAR exploded 25% in the past day to reach about $3.60, its highest level since the start of 2025. Many analysts have praised its strong performance and expect further short-term gains. At the same time, two important indicators suggest a correction is just as plausible. ‘Phenomenal’ and ‘Fabulous’ The broader cryptocurrency market has flashed green today (September 18), and NEAR is among the top performers. However, the sector’s revival isn’t the sole reason for the asset’s rally. Several hours ago, NEAR Protocol revealed on X that users can now trade perpetual futures by default. Specifically, they can open a position from the account they already use, and no one can trace their actions. The feature is powered by Hyperliquid. Michael van de Poppe classified the asset’s price chart following the resurgence as “absolutely phenomenal.” He suggested NEAR is nearing its final point of resistance and said it’s just a matter of time before it reaches $5. Shortly after, he used another superlative to describe what has happened to the token: “NEAR is such a fabulous chart. Probably we’ll be getting near to...