NEAR cryptocurrency trades up $0.051, approximately 3.88% higher going into tomorrow

Tentatively higher from an earlier low of $1.32, NEAR Protocol is up to $1.38 today, adding $0.051, or 3.88%, to today's closing price of $1.33.

Concerning technical analysis and more specifically, trend indicators, NEAR Protocol made an initial breakout above its 21 day Simple Moving Average at $1.34, a potential indicator of a newly emerging bullish phase. NEAR formed a session range of $1.32 to $1.41 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $1.37. Analysis based on the asset volatility indicates that NEAR Protocol's upper Bollinger Band® is at $1.51, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates NEAR could be slowing down soon; it is getting close to the resistance line and is now at $1.37, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Notwithstanding NEAR's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

NEAR Protocol shows positive signs, other assets are also on par: having closed the previous session at $133.92, Bitcoin Cash is up 31.95% today to currently trade at around $176.71. FTX Token surges 9.54% to trade around $1.36. EOS is up 7.84%.

Approximately 10 months ago, NEAR reached a significant high of $6 but has struggled to hold onto its gains and declined 77.87% since then. NEAR is currently trading with a market cap of 1.27 billion with an average daily volume of 54.13 million.