NEAR cryptocurrency trades up $0.028, approximately 1.78% higher this afternoon

After dipping down to $1.54, NEAR Protocol regains earlier losses and reaches $1.59.

NEAR Protocol's upper Bollinger Band® is at $1.71, this is a slight indication of a slowdown. NEAR price action is currently oscillating around the $1.59 resistance level with prices moving above and below several times during the session. Despite this, NEAR Protocol made an initial breakout above its 5 day Simple Moving Average at $1.59, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of $1.54 to $1.59, Fibonacci-inclined NEAR traders were highly concentrated around active Fibonacci resistance at $1.59.

Technical analysis of NEAR Protocol price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

NEAR shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple added 2.19% to its value, now trading at $0.464.

At the same time, UNICORN Token USD closed at $6.43 (down 2.98%).

Over the past 9 months, NEAR has retreated 73.91% from a noteworthy peak of $6. NEAR Protocol has a market cap of 1.45 billion with an average daily volume of 51.66 million.