$NEAR Breaks Ultra-Bullish Trend as Momentum Cools

Near Protocol ($NEAR) has reached a critical juncture in its price action. After experiencing an almost vertical bullish trend throughout the second half of September, $NEAR's trajectory has been interrupted.

The token had traded near $1.80 at the beginning of September before accelerating above $5, roughly tripling in value at its local peak. However, sellers were willing to distribute into strength around $5.40-$5.60, producing long candle wicks and large intraday reversals in this region.

Momentum indicators confirm this cooling, with the daily RSI pushing above the traditional 70 overbought threshold during the rally but now retreating toward the low-60 area. Trading activity has stabilized, but buyers have not yet demonstrated enough conviction for another immediate vertical leg.