coin-img-ETHETH-2.87%coin-img-BTCBTC-1.79%coin-img-HYPEHYPE+0.46%coin-img-SOLSOL-2.84%coin-img-USDCUSDC+0.04%coin-img-XRPXRP-1.97%coin-img-NEARNEAR-3.18%coin-img-TRXTRX+0.43%coin-img-ETHETH-2.87%coin-img-BTCBTC-1.79%coin-img-HYPEHYPE+0.46%coin-img-SOLSOL-2.84%coin-img-USDCUSDC+0.04%coin-img-XRPXRP-1.97%coin-img-NEARNEAR-3.18%coin-img-TRXTRX+0.43%coin-img-ETHETH-2.87%coin-img-BTCBTC-1.79%coin-img-HYPEHYPE+0.46%coin-img-SOLSOL-2.84%coin-img-USDCUSDC+0.04%coin-img-XRPXRP-1.97%coin-img-NEARNEAR-3.18%coin-img-TRXTRX+0.43%coin-img-ETHETH-2.87%coin-img-BTCBTC-1.79%coin-img-HYPEHYPE+0.46%coin-img-SOLSOL-2.84%coin-img-USDCUSDC+0.04%coin-img-XRPXRP-1.97%coin-img-NEARNEAR-3.18%coin-img-TRXTRX+0.43%
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Arnne Carragie

The Arthur Hayes Effect: Why NEAR’s $2.78 Ascending Channel Breakout Is Trapping the Bears

NEAR Protocol (NEAR) has solidified its position as May 2026’s absolute market darling, currently trading up at $2.7874 on the hourly chart. Shaking off broader market consolidation, the native token has clocked an explosive 50%+ weekly surge, printing a staggering six-month high. The primary match that ignited this parabolic run was an explicit endorsement from BitMEX co-founder Arthur Hayes, who christened NEAR part of his altcoin holy trinity in his latest essay, The Butterfly Touch.
NEAR
NEAR-2.92%
HYPE
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