After four days of declines, NEAR Protocol is up $0.046 today

Tentatively higher from an earlier low of $2.04, NEAR Protocol is up to $2.1 today, adding $0.046, or 2.25%, to today's closing price of $2.05.

Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Fibonacci-minded traders witnessed a key Fib resistance level of $2.11 holding firm – an indicator of highly concentrated supply around this level. Asset volatility analysis shows that NEAR's lower Bollinger Band® is at $2, indicating that the market is oversold and fertile for new buyers. As the trading day commences, technical analysis suggests NEAR broke through the $2.09 resistance and climbed 7 cents above it.

All in all, the technical analysis suggests NEAR Protocol has no clear-cut direction.

NEAR shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $11.84, Cosmos USD is up 3.12% today to currently trade at around $12.21.

Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Approximately 10 months ago, NEAR reached a significant high of $17.58 but has struggled to hold onto its gains and declined 88.34% since then. NEAR Protocol is currently trading with a market cap of 1.81 billion with an average daily volume of 132.12 million.