NEAR Protocol jumped 25% in a single day to reach about $3.60, its highest level since the start of 2025. Analysts point to a new trading feature and bullish charts, but an overbought RSI reading and rising exchange inflows suggest a pullback is possible too.
NEAR Protocol surged 25% in the past day, pushing its price to about $3.60 and marking its highest level since the start of 2025. The broader crypto market also turned green on September 18, though the sector-wide move isn't the only driver behind the rally.
A new trading feature and bullish calls
Hours before the surge, NEAR Protocol announced on X that users can trade perpetual futures by default, letting them open positions from the accounts they already use, with the feature powered by Hyperliquid. Trader Michael van de Poppe described the resulting chart favorably and said NEAR is nearing its final point of resistance. According to CryptoPotato: "It's just a matter of time until this will reach $5," he said.
Other traders echoed the bullish tone. X user CW said NEAR has three sell walls up to $4.80, with the first almost broken, while Altcoin Sherpa said they are waiting for a possible dip to $3.20 to enter, adding they think the token goes decently higher in the future.
Overbought signals cloud the rally
The rapid climb has pushed NEAR's Relative Strength Index into overbought territory at 82, a level that typically signals a token may be due for a pullback, while readings below 30 are often seen as buying opportunities. NEAR's exchange netflow adds to the caution: inflows have significantly outpaced outflows over the past few days, suggesting some holders have moved coins from self-custody to centralized exchanges, which increases the risk of near-term selling pressure.
Source: CryptoPotato
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