Mixed sentiment leads NEAR cryptocurrency to trade sideways; establishes tight $2.32 to $2.35 range

Without a clear-cut direction, NEAR is trading around $2.34 and ranging between $2.32 and $2.35.

NEAR Protocol's upper Bollinger Band® is at $2.64 and the lower is $2.11. NEAR Protocol is approaching key support, around 7 cents away from $2.27. 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.

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

At the same time, mixed performances are seen elsewhere as FTX Token soars 9.54% to trade around $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Ripple retreats 1.36% to trade around $0.374.

NEAR Protocol has fallen back around 86.65% over the past 10 months, from a notable high of $17.58. NEAR is currently trading with a market cap of 2 billion with an average daily volume of 131.55 million.