NEAR Logs Best-Ever Monthly Surge, $10 Back in View

NEAR capped a record month, rallying from $1.92 to $5.57—its strongest monthly performance since the network's inception. The move followed a long stretch of range trading and quickly carried the token through multiple key price levels. A notable tailwind has been fresh institutional-linked demand. The Bitwise NRR ETF drew $35.5 million at launch, then added $13.2 million and about $9 million over subsequent sessions, bringing total inflows to roughly $57.7 million. Because ETF share creation requires buying NEAR, these inflows translate into direct spot purchases that can help cushion pullbacks. Market conditions remained active alongside the rally. NEAR rose 1.7% as spot trading volume hit $444.7 million. Network figures also showed $457.6K in repurchases over the past seven days. After pushing above $5, NEAR has started to retrace, recently trading around $4.73. The pullback is being watched as a test of the breakout. Key support sits in the $4.50–$4.69 zone; holding that area would keep the bullish structure intact and could set up a run toward $8.30 and ultimately $10.00. Overhead resistance remains concentrated around $6.00 to $6.40, where prior advances have stalled. Clearing that band would be a key signal that buyers are ready for the next leg higher. A drop toward $4.78 on its own would not invalidate the uptrend, but a decisive break below $4.50 would likely undermine momentum and embolden sellers. With September's breakout still fresh and ETF inflows adding incremental demand, the next few weeks may determine whether NEAR extends the rally or settles into a deeper consolidation.