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We're seeing $NEAR approach its first major weekly decision pivot at $4.70. If we clear that region, I’ll be looking for the macro expansion toward $6–$7. Personally, I don’t think price needs to break out immediately. NEAR has rallied from the blue cycle acceptance channel into an extremely hot region within a matter of weeks. That is very similar to the recovery from the 2022 bear market. Price expanded out of the blue acceptance channel, consolidated beneath weekly resistance and rebalanced the move before eventually continuing higher. A reversion toward $3.30–$3.60 at some stage would therefore make complete sense. It would clear some of the late leverage, rebalance the liquidity created during this rally and test whether buyers are willing to defend the move away from the lows. That would not invalidate the macro setup. In fact, it would create a far cleaner region to add to a higher-timeframe position. Therefore, the roadmap is relatively simple. Weekly acceptance above $4.70 opens the move toward $6–$7. Rejection around these levels keeps $3.30–$3.60 as the main rebalancing region below. We’re already positioned from $3.60 and up almost 30% from entry. Now it’s simply a matter of seeing whether weekly resistance at $4.70 breaks first, or the market gives another opportunity to add lower.

A Near Investment Thesis

NEAR is quietly turning chain abstraction into real infrastructure @ilblackdragon explains a flow where users simply choose the asset they want, while competing solvers handle the execution across chains. @NEARProtocol sits underneath that experience with Intents + Chain Signatures, coordinating settlement across ecosystems like Bitcoin, Solana and Zcash. 35 chains and $29B+ in volume later, the multi-chain thesis is already moving at scale.

Everything you actually do with money, in one confidential account. - Swap 180+ assets across 30 chains - Perps powered by @HyperliquidX - Buy, hold and sell stocks, bonds and precious metals powered by @Ondo - Earn on your stables and spend straight from the balance, powered by @gauntlet_xyz and @628Labs on @talerfinance - Deposit, withdraw, send and pay anything with any assets Confidential by default on near.com

OK guys, someone want to explain the $NEAR pump? Did I miss something?

Sal Ternullo of @svrn_ai explains why he thinks near:native is misvalued He thinks there's been a structural change in @NEARProtocol over the last 2 years, that makes NEAR deserves a 2-4x just from human usage alone But the real growth story is from AI Agents using Ironclaw and Near Intents creating a 20-40x opportunity for near:native Episode is out for Premium Subscribers today

Bitwise published the final prospectus for a spot NEAR ETF. Ticker NRR on NYSE Arca, dated September 24. Custody is Coinbase Custody. The trust stakes its NEAR and keeps about 67% of the rewards. That part is standard for staking ETFs now, Bitwise runs the same structure on Solana. The effect is still real - inflows do not only buy NEAR on the market, they also move it into staking and out of liquid supply. When Bitwise wrote the filing NEAR was around the 27th largest asset by market cap with $272M of average daily volume. From now you can hold it in an ordinary brokerage account.