Bearish NEAR currently $0.014 lower after trading as low as $1.61

Slightly weaker but mostly flat: NEAR Protocol is currently trading at $1.62 as it maintains an active range between $1.61 and $1.65.

Technical analysis trend indicators suggest that despite being in the red so far in the current trading session, NEAR Protocol peaked above its 21 day Simple Moving Average around $1.63 — typically an early indicator of a new bullish trend beginning to emerge. According to asset volatility analysis, NEAR Protocol's upper Bollinger Band® is at $1.7 which indicates a further downward move may follow. Chart analysis indicates NEAR Protocol could begin to recover as it approaches significant support, now 1 cents away from $1.61. Dipping below could be an indication that further losses are ahead.

Overall, while NEAR Protocol has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple is up 5.18% to $0.521. Solana is up 3.44%.

Having set a significant high of $6 9 months ago, NEAR Protocol is trading 72.8% lower. NEAR Protocol is currently trading with a market cap of 1.47 billion with an average daily volume of 50 million.