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Near Protocol faces resistance near $5.60, risking a drop below $5 amid weakening momentum.

Technical Signals
06 Oct 2026
UToday
View Source
Bearish
Near Protocol faces resistance near $5.60, risking a drop below $5 amid weakening momentum.

Near Protocol (NEAR) is showing signs of a potential triple-top pattern after failing three times to break above the $5.40–$5.60 resistance zone. This technical setup puts the key $5 support level under pressure, with a break below $4.70 possibly confirming a broader reversal. Although momentum is declining, the overall trend remains strong as NEAR trades above major moving averages. A decisive close above $5.60 would invalidate the bearish pattern and could push the price toward $6.00, but repeated seller resistance near $5.50 raises the likelihood of testing lower support levels soon.

Near Protocol holds a market cap of Rp124.29 trillion on Pluang as of Oct 06, 2026 15:52 WIB, with a 24-hour trading volume of Rp17.67 trillion. The token price is Rp94,677, up 4.20% in the last day, while Pluang order activity shows a nearly balanced sentiment with 51% selling and 49% buying. Typical holding time on Pluang is 51 days, indicating moderate investor engagement despite the technical resistance near $5 noted in the article.

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