NEAR Protocol Spinning Top Pattern Emerges Near Golden Cross
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
mqzbna.com reports that Near Protocol (NEAR) is consolidating after an aggressive price expansion, currently trading at approximately $2.41 following a rise from $1.80 at the start of September. The most recent daily candle has formed a spinning top pattern, indicating that neither buyers nor sellers have established clear control after multiple strong bullish sessions. Although NEAR briefly peaked at $2.55, buyers struggled to sustain momentum above the $2.50–$2.55 range, leading to a pullback to $2.41.
This structure suggests that a short-term consolidation or correction could be triggered by another rejection at these levels. The daily Relative Strength Index sits at 67, below the traditional 70 overbought threshold, leaving potential for another upside attempt. A Golden Cross is approaching as the 50-day moving average near $1.84 converges with the 200-day moving average in the same area.
The 100-day average remains marginally higher at $1.88, but the price is already significantly above this lagging moving-average cluster. A profitable daily close above $2.50–$2.55 could reveal targets at $2.65 and the June area between $2.80 and $3.00. Conversely, if the spinning top turns into a reversal, the first support level is $2.20, with the 20-day average at $2.05. Losing that level would considerably weaken the current breakout, though NEAR maintains a bullish structure overall.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Whalio data shows NEAR trading at $2.49 on Binance spot markets, with a 24-hour buy ratio of 52.3% indicating net buying pressure over the full day. However, shorter timeframes show weakening sentiment, with the 1-hour buy ratio at 47.8% and the 4-hour ratio dropping to 42.6%. This divergence suggests that while buying pressure has built over the last day, it is currently fading in the immediate short term. The 1-hour volume delta is negative at -$141,042, and the 4-hour delta is -$1,636,105, meaning sellers are currently outperforming buyers in recent hours. In contrast, the 24-hour volume delta is positive at +$5,157,302, confirming that cumulative buying has outweighed selling over the longer period. The Cumulative Volume Delta closed at +$2,759,123, reflecting that net buying dominated the session despite the recent intraday shift.
The latest daily buy ratio of 49.0% sits at the 37th percentile of the last 324 days, against a median of 49.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, NEAR saw a 7-day average buy ratio of 50.1%, with the latest day showing a 2.2 point increase above that average. Spot volume was 2.10 times the weekly average, highlighting an unusual level of activity compared to typical days. The coin experienced a 31.6% price change over eight days, driven by a total volume delta of +$10,636,051. This recent surge contrasts with the current 24-hour buy ratio of 52.3%, which is slightly higher than the weekly average but accompanied by lower immediate momentum. While the weekly trend remains strongly bullish, the current 1-hour and 4-hour buy ratios are notably below the weekly average, signaling a potential short-term pause in the upward flow.