NEAR cryptocurrency trades up $0.054, approximately 4.45% higher going into tomorrow

NEAR Protocol trades at $1.27 after gaining $0.054 (4.45%).

NEAR Protocol made an initial breakout above its 10 day Simple Moving Average at $1.24, a potential indicator of a newly emerging bullish phase. On the other hand, note that NEAR could be slowing down soon as it approaches resistance at $1.24. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems NEAR might continue pointing upwards in the short term.

NEAR shows positive signs, other assets are also on par: FTX Token rallies 9.54% to trade around $1.36. Having closed the previous session at $238.82, Binance Coin is up 2.72% today to currently trade at around $245.33. Having closed the previous session at $0.589, MaticNetwork USD is up 4.46% today to currently trade at around $0.616.

NEAR reached a significant high of $6 around 10 months ago but has lost 79.75% since then. NEAR has a market cap of 1.17 billion with an average daily volume of 53.62 million.