Near Crypto Faces Overbought Warning as Fees Surge

As of September 22, 2026, Near has surged roughly 123% above its 200-day EMA, pushing the token deep into overbought territory.

The Fear & Greed Index sits at 78 and Extreme Greed dominates market sentiment, with traders questioning whether Near crypto can sustain this vertical move or if a sharp correction is imminent.

On-chain activity data from the NEAR ecosystem explains why capital is paying attention right now. Fees for the NEAR Intents protocol have jumped 128.43% in the last 24 hours, reflecting genuine on-chain activity growth.