Mixed sentiment leads NEAR Protocol cryptocurrency to trade sideways; establishes tight $1.9 to $1.97 range

After dropping down to $1.9, NEAR Protocol recovers some losses and is currently trading at $1.93.

Visual analysis of NEAR Protocol's chart shows that after reaching the $1.92 support zone, NEAR Protocol bounced and climbed 1 cents above it. Concerning technical analysis and more specifically, trend indicators, NEAR Protocol made an initial break below its 10 day Simple Moving Average at $1.93, a possible indication of a forthcoming negative trend. Asset volatility analysis shows that NEAR Protocol's upper Bollinger Band® is at $2.4 and the lower is $1.73.

With market volatility ebbing, the current technical outlook indicates NEAR Protocol will remain range-bound for the immediate future.

Meanwhile, mixed performances are seen elsewhere as FTX Token surges 9.54% to trade around $1.36. UNICORN Token USD increases 1.62% to trade around $6.47. Tezos USD is down to $1, losing $0.027, after closing at $1.03 in the preceding trading session.

Approximately 11 months ago, NEAR reached a significant high of $13 but has struggled to hold onto its gains and declined 85.08% since then. NEAR Protocol is currently trading with a market cap of 1.73 billion with an average daily volume of 102.62 million.