NEAR has surged 180% over the past month, briefly moving above $5.50 for the first time since the start of 2025 before trading around $5.10 on September 30. The altcoin was up 7% for the day, ranking among the session's strongest performers. The latest advance followed Bitwise's launch of NRR, the first spot NEAR ETF, with Coinbase Custody serving as custodian. The rally has prompted bullish forecasts for additional gains, although some analysts have warned that a major correction could follow.