Is it the end of NEAR's rally? After four days of gains, it is down by 1.92% today

NEAR Protocol drops from $2.33 to $2.28, losing $0.045 (1.92%) today.

NEAR Protocol made an initial break below its 5 day Simple Moving Average at $2.25, a possible indication of a forthcoming negative trend. NEAR Protocol's upper Bollinger Band® is at $2.38 which indicates a further downward move may follow. In contrast, NEAR Protocol could begin to recover as it approaches significant support, now 1 cents away from $2.29. Dipping below could be an indication that further losses are ahead.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for NEAR Protocol.

In the meantime, negative performances are also seen in other markets, after ending today's session at $30,300, Bitcoin lost $825.49 and is trading around $29,475.

Other assets are showing positive performances as FTX Token gained 9.54% and is currently trading at $1.36. Dogecoin climbs 3.75% to trade around $0.094.

Approximately 11 months ago, NEAR Protocol reached a significant high of $17.45 but has struggled to hold onto its gains and declined 86.67% since then. NEAR Protocol is currently trading with a market cap of 2 billion with an average daily volume of 91.91 million.