Analysts say NEAR agreement could face a 30-40% correction

Analysts distinguish fundamentals from technical structure

Bitwise NEAR ETF attracts inflows during price corrections

Analyst Michaël van de Poppe expects NEAR to see a correction of 30%-40% after the recent strong upward momentum. He plans to rebound around $4.30 -4.35, re-add positions at $3.90, and open positions in batches during the correction at $3.40.

The Bitwise NEAR ETF (NRR) attracted $35.5 million in inflows on its first day,$13.2 million the next day, and about $9 million the third day. As NEAR fell back from a peak of more than $5.50 to about $4.73, Bitwise CEO Hunter Horsley bought a share of the NRR.

As of writing, the NEAR Protocol (NEAR) trading price was US$4.82, up 2.96% in the past 24 hours. The token has dropped 0.64% in the past seven days. Trading volume reached US$445,081,271.

Meanwhile, analyst Michaël van de Poppe expects a 30%-40% correction in the market after recent upward momentum. His view came as the Bitwise NEAR ETF recorded its first capital inflow. He pointed out three price levels he would trade during a pullback. The comments came after the token rebounded significantly.

Analysts distinguish fundamentals from technical structure

Van de Poppe shared this outlook in a post on the X platform. He calls the NEAR Protocol one of his fundamental preferences this cycle. However, he pointed out that there are differences between strong fundamentals and technical structures. These two views may sometimes point in opposite directions.

$NEAR is one of my favorite fundamentals assets this cycle.
However, there are differences between fundamental logic and technical structure.
The biggest comparison: If you theoretically believe that Bitcoin is a scarce asset and should be included in your portfolio...
pic.twitter.com/O2OsdkKPgc - Michaël van de Poppe (@CryptoMichNL) October 3, 2026

To illustrate this point, he compared it to Bitcoin. Investors may view Bitcoin as a scarce asset that belongs to their portfolio. Even so, the asset may seem overvalued, and selling most of the position can cover the risk of the portfolio. He pointed out that this approach applies equally to gold and other assets.

According to the analyst, nothing is going straight up. He reviewed the NEAR Protocol charts and found that narrative momentum was waning. Given the strong upward momentum, he was not surprised by a 30%-40% correction. Beary divergences also quietly signal that prices are overheating in the short term.

Van de Poppe listed three levels he focused on. The US$4.30 -4.35 range is suitable for rebound trading or intraday trading. He believes that $3.90 is the first actual area to re-add to his portfolio. He said that at $3.40, he would definitely open positions in batches. He added that a correction at this level is quite normal. These levels guide his strategy for dealing with pullbacks.

Bitwise NEAR ETF attracts capital inflows during price corrections

Bitwise NEAR ETF (trading symbol NRR) was listed on NYSE Arca on September 29. It attracted $35.5 million in inflows on the first day. The inflow reached US$13.2 million the next day. The third day was followed by approximately $9 million. Initial total assets are close to US$36 million.

Meanwhile, Bitwise CEO Hunter Horsley personally purchased shares in the fund. Bitwise is the issuer of NRR funds. He made the purchase against the backdrop of capital inflows and recent price declines. This move shows his confidence in the role of NEAR Protocol in artificial intelligence infrastructure.

I just bought some $NRR https://t.co/3NcYxpOHLU- Hunter Horsley (@HHorsley) October 2, 2026

NEAR Protocol has dropped to about $4.73 from a peak of more than $5.50 in September. Previously, driven by the artificial intelligence boom, the token rose by as much as 183% monthly. In addition, NEAR Intentions encountered a minor safety issue, but it was quickly fixed.

Traders are closely watching support levels between $4.30 and $4.60. Some believe testing of the area is a health backtest of the breakthrough. Van de Poppe's first rebound level of $4.30-$4.35 is within this range. His deeper levels of $3.90 and $3.40 are below it.