NEAR has surged 180% over the past month, briefly exceeding $5.50 for the first time since the start of 2025 before trading around $5.10, according to CoinGecko. The token was up 7% on September 30, ranking among the day’s strongest performers. The latest move followed Bitwise’s launch of NRR, the first spot NEAR ETF, with Coinbase Custody serving as custodian. Several analysts remain bullish: Nebraskangooner identified a double-bottom pattern, Team LAMBO Charts said NEAR bulls had waited years for the rally, WIZZ projected a move above $10, and Michael van de Poppe said he had been accumulating between $1.20 and $1.50. Altcoin Sherpa said NEAR’s path would largely depend on BTC, warning that a break below $83,000 could send the token to $4 or lower. Crypto Rover highlighted Bitwise’s price targets of $155 in its base case and $562 in its bull case. Bearish trader Gordon called the rally a potential generational short opportunity, while NEAR’s Relative Strength Index (RSI, a momentum gauge) above 70 indicated overbought conditions and a possible pullback. The RSI scale runs from 0 to 100, with readings below 30 considered bullish.