NEAR price rallies toward $6: Can it reach $10?

NEAR Protocol price has climbed more than 12% over the past 24 hours to trade above $5.20 on October 16, as investors assessed the appointment of Helius CEO Mert Mumtaz to the NEAR Foundation Council and analysts watched for a possible recovery toward $6. NEAR Protocol climbed more than 12% over 24 hours, trading above $5 amid renewed buying. Helius CEO Mert Mumtaz joined the NEAR Foundation Council on October 14 to support governance. NEAR remained above four major daily exponential moving averages despite weakening short term technical momentum. Analyst Rekt Capital identified $5.97 resistance and warned that losing support could expose deeper declines. NEAR Foundation reported Intents processing more than $33 billion, with confidential TVL exceeding $160 million.

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