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NEAR Protocol may face 30-40% correction after strong rally; Bitwise NEAR ETF sees steady inflows.

Analyst Insights
03 Oct 2026
Blockonomi
View Source
Bearish
NEAR Protocol may face 30-40% correction after strong rally; Bitwise NEAR ETF sees steady inflows.

NEAR Protocol's price surged over 183% recently, driven by AI hype, but analyst Michaël van de Poppe expects a 30-40% correction following this strong upward move. He identifies key price levels for potential buying opportunities at $4.30-4.35 for short-term bounces, $3.90 for adding to portfolios, and $3.40 for scaling in. Meanwhile, the Bitwise NEAR ETF (NRR), launched on NYSE Arca, attracted significant inflows totaling over $57 million in its first three days, signaling investor interest despite the recent price dip from $5.50 to around $4.73. Bitwise CEO Hunter Horsley personally bought shares, showing confidence in NEAR's role in AI infrastructure. Traders are watching support levels between $4.30 and $4.60 as a healthy retest zone after the breakout.

NEAR Protocol's recent surge of over 183% contrasts with Pluang's broader crypto market where 46 of 50 major cryptocurrencies rose today. For readers following the crypto sector, here is Pluang's market snapshot as of Oct 04, 2026 06:11 WIB: YFI (Yearn) traded at Rp47.022.415 with a 1-day change of +6.77% and a typical hold time of 93 days, MANA (Decentraland) rose 5.47% to Rp1.891 with a hold time of 156 days, and FIL (Filecoin) increased 5.40% to Rp19.079 with a hold time of 99 days. Pluang order activity shows a majority selling interest in YFI at 82%.

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