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June 25, 2023After ending today at $1.41, today NEAR went up to $1.46 before paring back gains and settling around $1.41.
NEAR Protocol made an initial break below its 3 day Simple Moving Average at $1.4, a possible indication of a forthcoming negative trend. NEAR's upper Bollinger Band® is at $1.47, suggesting that a downward move may follow. Despite this, NEAR Protocol is approaching key support, around 3 cents away from $1.38. 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.
Although price action remains in a stalemate, technical analysis suggests NEAR could be primed for a break to the downside.
Other markets show mixed performance as after ending today's session at $214.31, Bitcoin Cash lost $19.11 and is trading around $195.19. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $4.74, UNICORN Token USD is up 14.48% today to currently trade at around $5.42.
NEAR Protocol is now trading 19.97% above the significant low ($1.18) it slumped to 12 days ago. NEAR has a market cap of 1.30 billion with an average daily volume of 52.96 million.
