NEAR cryptocurrency trades up $0.122, approximately 5.48% higher this afternoon

NEAR Protocol rallies $0.122 (5.48%) deep into the session, trading at $2.35.

NEAR Protocol broke through the $2.27 resistance, climbing 8 cents above it. NEAR made an initial breakout above its 200 day Simple Moving Average at $2.22, a potential indicator of a newly emerging bullish phase. Price action overcame a known Fibonacci resistance level at $2.34 by around $0.01 with prices hammering out a $2.18 – $2.4 session range. NEAR has just crossed its upper Bollinger Band® at $2.29, suggesting further gains could be on the cards.

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

NEAR shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. Cardano moves up 4.32% to trade around $0.456. Binance Coin is up 1.43%.

NEAR Protocol is now trading 87.25% below the significant high of $17.45 it set around 11 months ago. NEAR is currently trading with a market cap of 2 billion with an average daily volume of 82 million.