NEAR cryptocurrency trades up $0.038, approximately 2.15% higher this afternoon

After closing at $2 today, NEAR began today at $2 with significant bullish sentiment driving NEAR's price action higher. So far today, price action has drawn out a distinct $2 to $2.06 range.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $2.12, thereby suggesting that NEAR Protocol is becoming overvalued. In contrast, NEAR Protocol broke through the $2.02 resistance, climbing 2 cents above it.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest NEAR is set for a reversal in the coming days.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.503, Ripple is up 2.6% today to currently trade at around $0.516. Litecoin moves up 2.33% to trade around $94.59.

NEAR has shed $15.58 points and is languishing 88.65% lower over the past year, leaving its yearly highs around $17.58 in the rear-view mirror. NEAR is currently trading with a market cap of 1.77 billion with an average daily volume of 92 million.