NEAR climbed above $4 on Sept. 20, extending a September recovery that carried the token from roughly $2.30-$2.60 to nearly $4.30 between Sept. 9 and Sept. 21. The advance has drawn commentary from analysts CryptoBullet and Michael van de Poppe, while exchange flow data registered sharp swings in both inflows and outflows as the price accelerated higher.

NE Surges Past $4 After September Recovery

NEAR traded in a $2.30-$2.60 range through Sept. 16 before moving above $3.00 on Sept. 17. The rally continued into the $3.50-$3.80 zone on Sept. 18 and 19, and a further push on Sept. 20 lifted the token above $4.00, with the latest reading approaching $4.30. NEAR is the native token of NEAR Protocol, a layer-1 smart contract blockchain, which anchors the asset's price action to the broader layer-1 market segment traders follow.

CryptoBullet Points to Double-Bottom Structure

Analyst CryptoBullet described NEAR's macro structure as a giant double bottom in an X post, listing $8 and $20 as targets while also citing higher levels of $30-$40. He added that the token had gained 75% so far. In technical analysis, a double bottom is a chart pattern generally read as a potential bullish reversal, which is the framework behind calls of this kind. Analyst targets remain opinions, however, not guaranteed outcomes.

Van de Poppe Sets $4.25 Target Zone

Michael van de Poppe discussed NEAR after a request from his audience, saying he had accumulated the token around $1.20-$1.50, a range well below current spot prices. According to van de Poppe, NEAR broke higher after a brief retest, though he noted the move could be approaching a short-term top. His target zone sits at $4.25, which he identified as the previous low — putting the latest reading in the vicinity of his stated target. He also discussed the possibility of a 30%-40% dip from higher levels.

Exchange Flows Swing During Price Surge

NEAR's exchange netflows showed sharp changes throughout September. Positive spikes reached about $5.8 million on Sept. 9 and $3.6 million on Sept. 11, with additional positive spikes of roughly $6 million-$7 million on Sept. 17 and 18, and another spike approaching $6.5 million on Sept. 20, according to exchange inflow and outflow data. Negative netflows, meanwhile, reached about $3.8 million on both Sept. 18 and Sept. 20.

These movements point to shifting exchange activity. Positive netflows can increase the number of tokens available for trading, while negative netflows can reflect withdrawals; neither measure alone confirms whether investors bought or sold. Flow readings like these are among the indicators market watchers typically track alongside price during fast-moving stretches.

NEAR holds support around $4.00, with additional levels near $3.50-$3.80. A move above $4.00 keeps $4.50 in focus, while a decline could revisit lower support. CryptoBullet's published targets of $8 and $20 sit well above that near-term range, making the $4.00-$4.50 zone the most immediate reference area for the move.

Source: Cryptofrontnews