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NEAR Protocol price rises 12% after Helius CEO joins NEAR Foundation Council

Technical Signals
16 Oct 2026
Crypto news
View Source
Bullish
NEAR Protocol price rises 12% after Helius CEO joins NEAR Foundation Council

NEAR Protocol's price surged over 12% in 24 hours, trading above $5.20 following the appointment of Helius CEO Mert Mumtaz to the NEAR Foundation Council. This move supports governance as the Foundation expands privacy and cross-chain trading features. Despite a recent pullback from the $6 resistance level, NEAR remains above key moving averages, indicating medium-term strength. Analysts highlight $5.97 as a critical resistance and suggest that holding support near $4.90 is vital to avoid deeper declines. The NEAR Intents system has processed over $33 billion in transactions, underscoring growing ecosystem activity. The next price target for NEAR is $6, with potential to reach $8.81 and beyond if bullish momentum continues.

Following the news of NEAR Protocol's governance boost, NEAR's price on Pluang has risen by 11.75% in the past 24 hours to Rp93.286 as of Oct 16, 2026, 14:31 WIB. The token's market cap stands at Rp122,67 trillion, with a 24-hour trading volume of Rp25,76 trillion. Pluang investors show strong buying interest, with 80% of order activity on the platform being buy orders and a typical hold time of 50 days.

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