Is it the end of NEAR's rally? After four days of gains, it is down by 2.03% today

NEAR Protocol is grinding lower from $1.67 to $1.63, shedding $0.034 (2.03%) today.

NEAR Protocol made an initial break below its 21 day Simple Moving Average at $1.63, a possible indication of a forthcoming negative trend. NEAR Protocol's upper Bollinger Band® is at $1.7 which indicates a further downward move may follow. On the other hand, note that NEAR could begin to recover as it approaches significant support, now 1 cents away from $1.63. Dipping below could be an indication that further losses are ahead.

Looking forward, NEAR Protocol is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, after ending today's session at $28,163, Bitcoin lost $463.04 and is trading around $27,700. Avalanche is down $0.482 from the beginning of the session and now trades around $14.45.

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.

NEAR has fallen back around 72.15% from the significant high of $6 set 9 months ago. NEAR has a market cap of 1.49 billion with an average daily volume of 51.22 million.