After four days of persistent declines, NEAR stabilises around $2.48

NEAR is now trading at $2.48 after tracing out a steady $2.46 – $2.48 range today.

NEAR Protocol's upper Bollinger Band® is at $2.7, suggesting that a downward move may follow. In contrast, NEAR Protocol is approaching key support, around 8 cents away from $2.4. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests NEAR is positioned for a downward move in the near term.

While NEAR is pretty flat so far today, mixed performances are seen elsewhere as FTX Token soars 9.54% to trade around $1.36. EOS is up 1.33%. UNICORN Token USD is up 1.62%.

NEAR Protocol is now trading 85.94% below the significant high of $17.58 it set around 10 months ago. NEAR has a market cap of 2.14 billion with an average daily volume of 119.29 million.