Bitwise NEAR Staking ETP Surpasses $100 Million AUM
The Bitwise NEAR Staking ETP has surpassed $100 million in Assets Under Management (AUM), reflecting sustained institutional demand for exposure to the NEAR Protocol. This milestone underscores confidence in NEAR's growth prospects and its expanding ecosystem.
The current price of NEAR is $4.53, trading within Bollinger Bands with an upper resistance at $4.69. The Relative Strength Index (RSI) is overbought at 75.55, and the MACD golden cross is at 0.32. These technical indicators suggest a probable retracement toward the EMA50 support at $3.48 before any further price appreciation.
Despite this short-term volatility, the broader bullish structure established over the past year remains intact, with the EMA200 anchored at $2.55 providing long-term support to NEAR's price action.