Mixed sentiment leads NEAR cryptocurrency to trade sideways; establishes tight $2.31 to $2.31 range

NEAR is now trading at $2.31 after tracing out a steady $2.31 – $2.31 range today.

NEAR Protocol is approaching key support, around 10 cents away from $2.21. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. NEAR Protocol's upper Bollinger Band® is at $2.69 and the lower is $2.1.

Despite muted price action in NEAR, chart analysis indicates it is positioned for a bullish run in the short term.

While NEAR is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54% to $1.36. UNICORN Token USD is up 1.62% to $6.47.

NEAR Protocol is now trading 86.84% below the significant high of $17.58 it set around 10 months ago. NEAR Protocol is currently trading with a market cap of 1.99 billion with an average daily volume of 123.32 million.