NEAR cryptocurrency trades up $0.009, approximately 0.54% higher this afternoon

Currently trading at $1.67, NEAR remains range-bound between $1.65 and $1.67.

Technical analysis trend indicators suggest that despite posting gains so far today, NEAR Protocol slid below its 3 day Simple Moving Average at $1.66 in earlier trade — an early indicator that a negative trend could be emerging. Analysis based on the asset volatility indicates that NEAR's lower Bollinger Band® is at $1.54, indicating that the market is oversold and fertile for new buyers. Visual analysis of NEAR Protocol's chart shows that after reaching the known resistance zone beginning at $1.68, NEAR price action retreated approximately 1 cents.

All in all, the technical analysis suggests NEAR has no clear-cut direction.

Other markets are also showing gains as FTX Token is up 9.54% to $1.36. Having closed the previous session at $80.27, Litecoin is up 3.09% today to currently trade at around $82.75. Having closed the previous session at $113.1, Bitcoin Cash is up 2.07% today to currently trade at around $115.44.

Having set a significant high of $7.37 11 months ago, NEAR is trading 77.46% lower. NEAR Protocol has a market cap of 1.50 billion with an average daily volume of 55.75 million.