- NEAR traders are pleased to see the altcoin break above $5.
- The asset continues to trade above this price.
- Can the momentum of this surge hold or will we test a lower low?
The crypto market seems to be trading at slightly lower prices in terms of Bitcoin and Ethereum activity today. In detail, the price of BTC is trading in the $85,000 price range while the price of ETH trades in the $2,600 price range, areas slightly lower than yesterday’s $86,000 and $2,700 price ranges, respectively. Meanwhile, some altcoins show continued bullish action. For instance, NEAR traders are pleased to see the altcoin break above $5.
NEAR Traders Are Pleased to See the Altcoin Break Above $5 and Trade Above
The crypto community has been holding onto hope for a strong altseason phase to play out this year when the altcoin market completely missed out on the previous year’s bull pump. In detail, the price of BTC went on to surge from $69,000 to $126,000 while the price of ETH only went from $4,800 to $4,900. In turn, this disappointing surge from ETH led to altseason being skipped altogether.
While a few altcoins went on to set new ATH prices, the surge wasn’t nearly as impressive as Bitcoin’s pump. Now, as we enter the final quarter of 2026, experts are seeing bullish signs for the probability of the altseason peak phase to play out now. At the moment, several promising altcoin assets have already surged by an impressive margin, despite which bullish sentiments continue to hold.
As we can see from the post above, altcoin NEAR broke $5 this morning. One hourly candle on the heaviest volume in two days punched it out of the overnight box, and it ran to $5.19 before sellers showed up. On Sunday the same analyst said as long as $4.81 holds, $5 gets tested, and now it did. This afternoon it dipped to $4.92, held, and is back above $5 at $5.14. As long as $5 holds, $5.19 might get taken out next. If not, $4.92 is the retest, he concludes.
Will This Momentum Hold?
According to CoinMarketCap analytics, the price of NEAR is up by over 8% over the last 7 days. However, in the middle of that week, the price of NEAR dipped to the $4.6 price range, which gave some brave traders a chance to accumulate. As we can see from the post above, the trader called that short correction a gift, highlighting how NEAR pulled back to retest the broken resistance as new support on the weekly chart right after printing the most bullish monthly candle in its history.
The post then goes on to state that retests after moves like that present great buying opportunities. What’s more, while the price dips, NEAR went on to expand into tokenized stocks through Ondo, giving users access to NVIDIA, Apple, Tesla and more. For now, the post went on to conclude by sharing 4 other bull targets to look out for, with the most immediate target being $5.6. Once that is hit, $8.5, $12, and $20 will be next.
