NEAR Protocol price rose 7% to $5.51 on Thursday, gaining ground while Bitcoin, Ethereum, and XRP declined amid a broader selloff. The token entered the top 20 cryptocurrencies by market capitalization, reaching approximately $7.2 billion.
Rising oil prices, higher Treasury yields, and a stronger dollar pressured speculative assets across the market. NEAR moved against this trend following a 138% surge over 30 days.
Integration and Cross-Chain Activity Support Momentum
On October 7, Robinhood Chain became accessible via near.com, enabling users to exchange ETH and USDG across over 180 assets spanning 30 blockchain networks. The integration consolidates deposits, withdrawals, and payments into a single interface.
NEAR Intents, the protocol's cross-chain solution, has processed over $31 billion in total transactions. On October 2, the General Manager reported full recovery of $3.8 million stolen through an exploit in the deposit and withdrawal system.
Bitwise Fund and Security Enhancements Boost Confidence
Bitwise launched its NEAR fund on September 29, which began trading on NYSE Arca under ticker NRR, providing traditional brokerage access to the token. The fund plans to stake its holdings and earn network security rewards.
A July mainnet upgrade introduced quantum-safe account signing to protect against future cryptographic attacks. The upgrade allows account holders to change access keys while preserving account identities and balances.
Technical Indicators and Price Levels
On a four-hour chart, NEAR traded at $5.275 with the Relative Strength Index at 56.26, slightly above the neutral 50 threshold. The MACD showed a positive histogram of 0.016, suggesting continued upside but with limited momentum.
A sustained close above $5.50 could support movement toward $6.00. Failure to clear this resistance may reintroduce the $5.00 support level. A break below $5.00 would invalidate the bullish setup.
