After four days of declines, NEAR Protocol is up $0.03 today

NEAR is rallying again to $1.87 (up $0.03), after erasing earlier gains.

NEAR Protocol's notable support and resistance levels: NEAR Protocol could be slowing down soon as it approaches resistance at $1.96. Of course, crossing it might suggest further gains are ahead. With regards to technical trend indicators, chart analysis show 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. According to asset volatility analysis, NEAR Protocol's lower Bollinger Band® is at $1.76, indicating that the market is oversold and fertile for new buyers.

Overall, the technical outlook suggests NEAR is likely to remain muted for the immediate future, with no clear-cut direction.

NEAR Protocol shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36. Having closed the previous session at $1.12, EOS is up 3.84% today to currently trade at around $1.16.

At the same time, Cosmos USD is trading around $10.64 (down $0.339).

Approximately 11 months ago, NEAR Protocol reached a significant high of $17.58 but has struggled to hold onto its gains and declined 89.53% since then. NEAR Protocol has a market cap of 1.62 billion with an average daily volume of 113.18 million.