After four days of going up, NEAR is down $0.064 today

NEAR Protocol is grinding lower from $2.03 to $1.96, shedding $0.064 (3.14%) today.

NEAR Protocol made an initial break below its 21 day Simple Moving Average at $2, a possible indication of a forthcoming negative trend. NEAR Protocol's upper Bollinger Band® is at $2.11 which indicates a further downward move may follow. In contrast, NEAR could begin to recover as it approaches significant support, now 2 cents away from $2. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts NEAR Protocol to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the NEAR Protocol is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, Cardano is down to $0.379, losing $0.013, after closing at $0.392 in the preceding trading session. Dogecoin closed at $0.09 (down 2.44%).

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36.

Having set a significant high of $17.57 11 months ago, NEAR is trading 88.46% lower. NEAR has a market cap of 1.70 billion with an average daily volume of 93.33 million.