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NEAR price surges 135% in 30 days, testing key resistance at $5.50–$6.20 amid strong momentum and reduced issuance proposal.

Technical Signals
06 Oct 2026
Crypto news
View Source
Bullish
NEAR price surges 135% in 30 days, testing key resistance at $5.50–$6.20 amid strong momentum and reduced issuance proposal.

NEAR's price has risen over 135% in the past 30 days, reaching around $5.16 and challenging resistance between $5.50 and $6.20. Buyers defended support near $4.70 after a brief pullback, maintaining a bullish structure. Momentum remains strong, though the weekly RSI indicates the asset is somewhat overbought. Futures open interest is elevated at $1.63 billion, showing increased leveraged trading. A governance proposal aims to reduce NEAR's annual token issuance from 2.5% to 1.6%, potentially impacting supply. The next key technical test is holding above $5.50; failure to do so could see support tested near $4.00–$4.30. U.S. investor access improved with the launch of the Bitwise NEAR ETF. Overall, NEAR is attempting to establish a new uptrend after breaking a long-term downtrend, with further price gains possible if resistance zones are cleared.

NEAR Protocol is trading at Rp92.656 on Pluang as of Oct 06, 2026 14:12 WIB, showing a 1-day gain of 2.18%. Its market cap stands at Rp120.92 trillion, with a 24-hour trading volume of Rp18.62 trillion. Compared to its recent price surge in USD, NEAR's activity on Pluang reflects steady investor interest, with a nearly balanced order activity of 51% sell and 49% buy and a typical holding period of 51 days.

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