NEAR Price Down 11.65% Amid Profit-Taking, ETF Anticipation
NEAR's price has fallen by 11.65% on the day after sellers pushed the token lower in a session marked by profit-taking.
The decline comes as anticipation builds around the upcoming Bitwise NEAR spot ETF launch, which is set to list on NYSE Arca under the ticker NRR.
According to analysts, NEAR trades well above key moving averages and maintains a bullish technical structure, suggesting that the retreat looks limited.
The protocol's blockchain has surpassed $30 billion in cross-chain transactions and partnered with Ondo Finance to offer tokenized U.S. stocks and ETFs, adding to its growth story.
However, overbought indicators warn of a likely consolidation within the projected range of $4.047 to $5.807.