NEAR traded around $5.16 on September 28 after reaching an intraday high near $5.42, extending a sharp advance from below $2 earlier in the summer and breaking above resistance that had constrained the token through 2025 and early 2026. The rally coincided with expectations that Bitwise’s NRR, the first U.S. spot ETF for NEAR, would begin trading around September 29 after completing NYSE Arca listing approval and SEC registration procedures. Bitwise’s final prospectus identifies Coinbase Custody Trust Company as custodian and provides for the trust to stake its NEAR holdings, with about 67% of staking income added to fund assets. Technical indicators remained bullish, although the daily RSI of 79.91 indicated overbought conditions after selling pressure emerged near $5.40. Traders are watching whether the former $3.10 to $3.50 resistance band holds as support, while $6 is the next major psychological level.