NEAR cryptocurrency trades up $0.027, approximately 1.39% higher this afternoon

After ending today at $1.92, NEAR Protocol ascended as high as $1.96 before meeting resistance. Undeterred, NEAR Protocol posted a fresh rally late in the trading session targeting $1.94.

NEAR Protocol made an initial breakout above its 10 day Simple Moving Average at $1.96, a potential indicator of a newly emerging bullish phase. NEAR's lower Bollinger Band® is at $1.74, indicating that the market is oversold and fertile for new buyers. In contrast, after reaching the known resistance zone beginning at $1.94, NEAR Protocol price action retreated approximately 2 cents.

Examining the technical analysis landscape, NEAR Protocol might continue its downtrend in the short term.

NEAR Protocol shows positive signs, other assets are also on par: FTX Token gained 9.54% and is currently trading at $1.36. Bitcoin Cash is up 1.55%. TRON added 0.67% to its value, now trading at $0.067.

NEAR Protocol reached a significant high of $13 around 11 months ago but has lost 85.23% since then. NEAR Protocol is currently trading with a market cap of 1.74 billion with an average daily volume of 103.50 million.