NEAR cryptocurrency trades up $0.054, approximately 4.38% higher going into tomorrow

NEAR Protocol posts light gains on a low-volatility day, ranging between $1.22 – $1.31 and is now at $1.29.

A "bearish engulfing" pattern — a scenario when a larger red candle engulfs a smaller green candle, at the top of a prevailing uptrend. Typically this is a signal of lower prices in the near term. Despite posting gains so far today, NEAR Protocol slid below its 5 day Simple Moving Average at $1.24 in earlier trade — an early indicator that a negative trend could be emerging. Despite this, NEAR Protocol broke through the $1.25 resistance, climbing 5 cents above it.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates NEAR is set for a reversal in the coming days.

NEAR shows positive signs, other assets are also on par: Bitcoin gained 4.93% and is currently trading at $28,137. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Avalanche is up 4.94% to $12.02.

NEAR has fallen back around 79.32% over the past 10 months, from a notable high of $6. NEAR has a market cap of 1.19 billion with an average daily volume of 52.96 million.