Near Protocol Ends Ultra-Bullish Trend as Momentum Fades

Near Protocol (NEAR) has ended its ultra-bullish trend after reaching a price of $5.40-$5.60 in September.

The token roughly tripled in value, increasing from around $1.80 at the beginning of the month to its peak.

However, the recent surge appears to have lost momentum, with trading activity stabilizing and buyers showing reduced conviction.

The daily Relative Strength Index (RSI) has retreated toward the low-60 area, indicating a loss of overbought momentum.

A crucial support zone now sits around $4.60-$4.70, and holding this level would allow NEAR to establish a higher base before attempting another move toward $5.00 and ultimately the $5.40-$5.60 resistance area.