| 
June 27, 2023A mostly flat day so far for NEAR Protocol, ranging between $1.46 and $1.5; currently at $1.49.
NEAR Protocol made an initial breakout above its 50 day Simple Moving Average at $1.49, a potential indicator of a newly emerging bullish phase. NEAR Protocol bounced after reaching the $1.47 support zone, climbing 2 cents above it. On the other hand, note that NEAR's upper Bollinger Band® is at $1.54, suggesting that a downward move may follow.
With market volatility ebbing, the current technical outlook indicates NEAR Protocol will break higher above its recent ranges in the immediate future.
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. Bitcoin Cash is up 4.47% to $232.87. MaticNetwork USD is up 3.56%.
NEAR hit a significant low of $1.18 around 14 days ago, but has since recovered 26.07%. NEAR Protocol has a market cap of 1.38 billion with an average daily volume of 52.94 million.
