Losing streak continues: NEAR Protocol down $0.066 to $1.84 adding to its six days of losses

NEAR Protocol drops from $1.9 to $1.84, losing $0.066 (3.47%) today.

A study of NEAR's chart reveals various key levels to watch: NEAR Protocol could begin to recover as it approaches significant support, now 4 cents away from $1.79. Dipping below could be an indication that further losses are ahead. Technical analysis trend indicators suggest that NEAR Protocol made an initial break below its 10 day Simple Moving Average at $1.9, a possible indication of a forthcoming negative trend. Asset volatility analysis shows that NEAR Protocol's lower Bollinger Band® is at $1.65, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, the technical outlook suggests NEAR Protocol is likely to remain muted for the immediate future, with no clear-cut direction.

In the meantime, negative performances are also seen in other markets, Bitcoin Cash slips 2.44% to trade around $117.27. EOS retreats 2.28% to trade around $1.

Positive performances can be seen by looking at other markets as FTX Token gained 9.54% and is now trading at $1.36.

Since its 52-week high of $13, NEAR Protocol has lost 85.44% over the last twelve months. NEAR has a market cap of 1.65 billion with an average daily volume of 91.59 million.