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NEAR NEAR agreement hits record gains in September: climbing from $1.92 to $5.57
NEAR agreement (NEAR) delivered a report card in September that surprised most investors. The token started at $1.92 at the beginning of the month and closed at $5.57 at the end of the month, an increase marking the strongest monthly performance in the network's history. Buying has continuously broken through multiple key price barriers in a short period of time, and the next challenge is even more arduous: NEAR must attract new demand while consolidating recent gains. Market trends in the next few weeks will determine whether this wave of rising prices continues to ferment or gradually fade away.
ETF demand provides solid support for NEAR
After months of shocks in the $1 to $2 range, NEAR finally successfully broke through the upside. Buying quickly cleared $2 and $3 price resistance and pushed the price above the $5 mark. More importantly, prices have entered resistance areas where previous rallies have been blocked. At this critical moment, institutional interest has increased significantly.
The Bitwise NRR ETF attracted approximately US$35.5 million in inflows during the launch period, followed by additional US$13.2 million and US$9 million in subsequent trading days. The total inflow is currently close to US$57.7 million. The reason why these numbers are important is that the creation of ETF shares requires the actual purchase of NEAR tokens, and every new amount of money is directly converted into spot market demand, thus providing strong support when prices are corrected.
Market activities remained healthy during the same period. NEAR prices rose 1.7%, and spot trading volume reached $444.7 million. Online data shows that the amount of online repurchase has also reached US$457,600 in the past seven days. Strong ETF demand will help buyers maintain their dominant position, and continued net inflows will further enhance market confidence in a September breakthrough. Therefore, the current pullback deserves close attention. NEAR fell back to around $4.73 after hitting a high, and such corrections usually follow a strong rally. Investors are closely watching whether buying will step in to protect the market at the support level.
Can NEAR hold on to its breakthrough and target $10?
Despite recent signs of weakening, the technical structure is still showing a constructive trend. NEAR has long traded in the range of $0.861 to $1.80, but the surge in September completely changed this pattern. The current resistance area is near $6 to $6.40, where previous rallies have been frustrated. Buyers must overcome this obstacle to start the next major rally.
A price retreat towards $4.78 does not automatically mean a trend reversal. Instead, current price behavior is testing market beliefs. Profit-taking often follows strong monthly gains.$ 4.50 The support area between 0 and $4.69 is crucial. If this range can be held, the bullish outlook will be maintained and the door will be opened to hit $8.30 or even $10. On the other hand, if it falls below $4.50, it may weaken the momentum of the bulls and sellers may regain confidence.
Currently, NEAR is at an important crossroads. September's market proved that buyers have the ability to drive strong gains, and the continued inflow of ETF funds continues to add to demand momentum. If the support level is firm and the resistance level is breached, then the goal of reaching $10 will turn from an unreachable dream into a reality.
