Is it the end of NEAR's rally? After three days of gains, it is down by 1.46% today

NEAR Protocol drops from $2.32 to $2.28, losing $0.034 (1.46%) today.

NEAR Protocol made an initial break below its 3 day Simple Moving Average at $2.28, a possible indication of a forthcoming negative trend. NEAR's upper Bollinger Band® is at $2.33 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 9 cents away from $2.2. 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 $0.453, Cardano lost $0.007 and is trading around $0.446.

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36. Binance Coin is up 1.18%.

Over the past 11 months, NEAR has retreated 86.71% from a noteworthy peak of $17.45. NEAR is currently trading with a market cap of 2 billion with an average daily volume of 82.22 million.