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March 12, 2023A mostly flat day so far for NEAR, ranging between $1.78 and $1.84; currently at $1.81.
NEAR Protocol is approaching key support, around 11 cents away from $1.7. 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 made an initial breakout above its 5 day Simple Moving Average at $1.83, a potential indicator of a newly emerging bullish phase. NEAR's upper Bollinger Band® is at $2.61 and the lower is $1.63.
Despite muted price action in NEAR Protocol, chart analysis indicates it is positioned for a bullish run in the short term.
While NEAR Protocol is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. Ripple slumps 1.34% to trade around $0.361.
Approximately 11 months ago, NEAR Protocol reached a significant high of $17.58 but has struggled to hold onto its gains and declined 89.71% since then. NEAR Protocol is currently trading with a market cap of 1.57 billion with an average daily volume of 108.00 million.
