NEAR The price has risen by about 48% in seven days, reaching a near one-year high of $5.45, as the related momentum of ETF accelerates.
The NEAR ETF of Bitwise has cleared the key obstacles for listing on NYSE Arca; the trading code is NRR, and the registration declaration has also taken effect.
Bitwise The latest 2030 valuation model sets the baseline scenario for NEAR at $155, with an extreme bull market scenario at $562. The report also provides a bear market scenario of $1.63.
As Bitwise pushes its spot NEAR ETF towards listing and announces a radical long-term valuation model, the price of NEAR has soared significantly. It once rose to around $5.45, reaching its highest level in about a year, with a cumulative increase of about 48% over the past seven days. This ETF will be traded on NYSE Arca at NRR. The latest 39-page NEAR report released by Bitwise predicts that by 2030, the benchmark price for NEAR will be $155, with an extreme bullish scenario of $562.
Bitwise's NEAR ETF has obtained approval from NYSE Arca
Bitwise's NEAR ETF has crossed an important listing milestone. The registration statement with the U.S. Securities and Exchange Commission (SEC) took effect on September 24th, and Bitwise also submitted a 8-A filing to register those ETF shares for trading on NYSE Arca. The exchange listing code for this is NRR.
Bitwise sets a target price of $155 for NEAR, as well as a bullish scenario of $562.
Greater progress comes from the newly released 39-page NEAR investment report by Bitwise. This report was co-authored by Matt Hougan, the Chief Investment Officer of Bitwise.
A baseline scenario of $155 implies a significant increase compared to the current price of approximately $5.33 for NEAR. An extremely bullish scenario reaches $562. Meanwhile, the bear market scenario for Bitwise indicates that the company's model also takes into account the significant downside potential that NEAR might face if its assumptions do not materialize.
In a bullish scenario, Bitwise compares the potential role of NEAR in the emerging digital economy with that of mature payment networks such as Visa. The report cites Visa's payment transaction volume of $15.7 trillion in 2024 as part of its valuation framework.
NEAR Price Analysis: Can the breakout continue to reach $6?
The weekly chart NEAR / USDT shows that the price has clearly broken through a downward trend line that has persisted for many years. NEAR In 2025 and most of 2026, the price remained below this trend line, repeatedly forming lower highs. The recent rebound, accompanied by a significant increase in trading volume, has broken through this structure.
The token price has also broken through the resistance range of $4.40 to $4.60 marked on the chart. Currently, the price of NEAR is around $5.30, with the technical resistance level lying between $5.50 and $5.75. If it can remain above $5.75, $6 will become a target. If it continues to rise above $6, there is still room on the weekly chart to extend towards the $7 to $8 range, where previous supply levels may be encountered. On the downside, $4.40 to $4.60 is now a critical support level for a breakout. If this area can be held, the long-term breakout structure will be maintained; if the price falls back below it on the weekly chart, then the pattern will weaken, exposing the next support level at around $3.80 to $4.00.
Summary
NEAR has recently attracted market attention for two reasons: firstly, Bitwise is pushing for its ETF to go public, and secondly, its latest valuation report has provided exceptionally high long-term figures. Both the baseline scenario of $155 and the extreme bull market scenario of $562 are based on assumptions about the future adoption rate of NEAR, rather than direct expectations for current prices. In the short term, the path towards ETF going public, the increase in derivative positions, and the breakout of the weekly trend line make the range of $5.50 to $6 the next major test.
