Nyse Arca

NEAR has broken above a long running inverse head and shoulders neckline near $3.15, drawing attention to a measured move target around $12.04. The breakout is being supported by rising weekly volume, reclaimed long term moving averages, and the debut of Bitwise’s NEAR ETF on NYSE Arca.

Bitcoin recovered from a drop near $77,600 and was little changed over the day as traders watched inflation data and the Federal Reserve’s Sept. 15-16 rate decision. Zcash drew the strongest attention after Grayscale’s newly listed ETF surpassed $500 million in assets and accumulated roughly 3% of circulating supply.

Zcash rallied above $800 for the first time since 2018 as futures activity, social media comparisons to Bitcoin and Grayscale’s spot ETF effort intensified market attention. The move came with sharp volatility, heavy leverage signals and renewed focus on the privacy token’s Bitcoin inspired monetary design.