Mixed sentiment leads NEAR cryptocurrency to trade sideways; establishes tight $1.88 to $1.94 range

Without a clear-cut direction, NEAR is trading around $1.91 and ranging between $1.88 and $1.94.

NEAR Protocol is approaching key support, around 7 cents away from $1.84. 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 made an initial breakout above its 3 day Simple Moving Average at $1.93, a potential indicator of a newly emerging bullish phase. NEAR Protocol's upper Bollinger Band® is at $2.4 and the lower is $1.78.

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 having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD retreats 2.98% to trade around $6.43. Having closed the previous session at $86.84, Litecoin is up 1.29% today to currently trade at around $87.96.

NEAR is trading 87.29% lower compared to the $15 high it reached over the past year. NEAR Protocol is currently trading with a market cap of 1.70 billion with an average daily volume of 102.62 million.