Losing streak continues: NEAR down $0.019 to $1.82 adding to its four days of losses

After closing at $1.84 today, NEAR Protocol opened today at $1.84, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, NEAR Protocol retains a distinct $1.82 to $1.84 daily range.

Bollinger Bands® shows an indication of recovery: the lower band is at $1.66, a low enough level to, generally, suggest that NEAR Protocol is trading below its fair value. NEAR Protocol could begin to recover as it approaches significant support, now 6 cents away from $1.76. Dipping below could be an indication that further losses are ahead.

Technical analysis indicates that NEAR Protocol (currently on a downtrend) might reverse course and start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD closed at $6.43 (down 2.98%). Binance Coin is down $5.04 from the beginning of the session and now trades around $323.

Positive performances can be seen by looking at other markets 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 85.85% from the significant high of $13 set 11 months ago. NEAR is currently trading with a market cap of 1.63 billion with an average daily volume of 101.67 million.