NEAR cryptocurrency trades up $0.034, approximately 1.53% higher this afternoon

NEAR Protocol went up to $2.27 only to drop back to some of the way and is now trading at $2.24.

NEAR Protocol broke through the $2.21 resistance and climbed above it 3 cents; next resistance level is at $2.25. NEAR made an initial breakout above its 200 day Simple Moving Average at $2.23, a potential indicator of a newly emerging bullish phase. NEAR has crossed the upper Bollinger Band® at $2.23, a potential sign that further gains are to follow.

Overall, looking at the technical analysis landscape, it seems NEAR might continue pointing upwards in the short term.

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. Ethereum is up 5.28%. Having closed the previous session at $0.513, Ripple is up 3.84% today to currently trade at around $0.533.

Over the past 11 months, NEAR Protocol has retreated 87.36% from a noteworthy peak of $17.45. NEAR is currently trading with a market cap of 1.98 billion with an average daily volume of 68.91 million.