Losing streak continues, NEAR Protocol lost $0.015 to $1.35 adding to its five consecutive days of drops

Slightly weaker but mostly flat: NEAR is currently trading at $1.35 as it maintains an active range between $1.34 and $1.39.

With regards to technical trend indicators, chart analysis show that despite being in the red so far in the current trading session, NEAR Protocol peaked above its 10 day Simple Moving Average around $1.38 — typically an early indicator of a new bullish trend beginning to emerge. Analysis based on the asset volatility indicates that NEAR's upper Bollinger Band® is at $1.49 which indicates a further downward move may follow. As the trading day comes to an end, chart analysis indicates NEAR could begin to recover as it approaches significant support, now 3 cents away from $1.32. Dipping below could be an indication that further losses are ahead.

All in all, the technical analysis suggests NEAR Protocol has no clear-cut direction.

Positive performances can be seen by looking at other markets as Solana is up 12.46%. Bitcoin Cash is up 8.76%. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

NEAR Protocol reached a significant high of $6 around 10 months ago but has lost 77.24% since then. NEAR is currently trading with a market cap of 1.25 billion with an average daily volume of 67.13 million.