NEAR cryptocurrency trades up $0.035, approximately 2.62% higher going into tomorrow

Small gain for NEAR at $1.39 after ranging between $1.32 and $1.44 today.

With regards to technical trend indicators, chart analysis show that NEAR Protocol made an initial breakout above its 10 day Simple Moving Average at $1.38, a potential indicator of a newly emerging bullish phase. Fibonacci-focused traders would be interested to note that NEAR Protocol is oscillating around the key Fibonacci resistance level of $1.37. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.5, thereby suggesting that NEAR Protocol is becoming overvalued. As the trading day comes to an end, chart analysis indicates NEAR Protocol broke through the $1.43 resistance and climbed 5 cents above it.

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

NEAR Protocol shows positive signs, other assets are also on par: Litecoin is up 27.11%. Bitcoin Cash is up 21.64%. EOS gained 10.81% and is now trading at $0.751.

Approximately 10 months ago, NEAR reached a significant high of $6 but has struggled to hold onto its gains and declined 77.46% since then. NEAR is currently trading with a market cap of 1.28 billion with an average daily volume of 69.76 million.