NEAR Price Surge Continues: Can it Reach $5?
Near Protocol (NEAR) has been on an impressive run this year, with its year-to-date gain nearing 200%. The cryptocurrency surged in September, pushing through key price levels and breaking out to new highs.
The token's recent performance is nothing short of spectacular. Over the past week, NEAR has increased by 43.6%, while its three-month returns stand at around 150.4%. Six-month returns are roughly 285%.
NEAR consolidated between $1.60 and $2.00 for most of July and August before momentum picked up in September. The token cleared the $2.50-$2.60 range and shot through key levels, peaking at around $4.80.
The trend is still strong, with major moving averages pointing upward. However, NEAR trades above each of these averages, which has led to some divergence. Around 75, the RSI entered overbought territory, and recent candles indicate rising volatility between $4.50 and $4.80.