NEAR price rallies toward $6: Can it reach $10?

NEAR Protocol price has climbed more than 12% over the past 24 hours to trade above $5.20 on October 16, as investors assessed the appointment of Helius CEO Mert Mumtaz to the NEAR Foundation Council and analysts watched for a possible recovery toward $6. Summary NEAR Protocol climbed more than 12% over 24 hours, trading above $5 amid renewed buying. Helius CEO Mert Mumtaz joined the NEAR Foundation Council on October 14 to support governance. NEAR remained above four major daily exponential moving averages despite weakening short term technical momentum. Analyst Rekt Capital identified $5.97 resistance and warned that losing support could expose deeper declines. NEAR Foundation reported Intents processing more than $33 billion, with confidential TVL exceeding $160 million. CoinGecko recorded NEAR trading at approximately $5.21, with a market capitalization of $6.82 billion and daily trading volume near $1.24 billion. The token moved between $4.54 and $5.43 during the session, recovering from recent selling pressure after failing to hold its earlier advance toward $6. The recovery follows a period of sharp price movements, with NEAR gaining approximately 122% over the previous 30 d...