NEAR cryptocurrency trades up $0.017, approximately 0.79% higher this afternoon

Marginally higher but lacking a clear-cut direction, NEAR Protocol is trading at $2.17 after ranging between $2.13 and $2.2 today.

A study of NEAR Protocol's historical price actions shows NEAR Protocol could be slowing down soon as it approaches resistance at $2.32. Of course, crossing it might suggest further gains are ahead. Technical analysis trend indicators suggest that NEAR Protocol made an initial breakout above its 200 day Simple Moving Average at $2.19, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of $2.13 to $2.2, Fibonacci-inclined NEAR traders were highly concentrated around active Fibonacci resistance at $2.15. Asset volatility analysis shows that NEAR's upper Bollinger Band® is at $2.39, this is a slight indication of a slowdown.

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

NEAR Protocol shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. Dogecoin is up 4.28%. TRON increases 1.36% to trade around $0.067.

NEAR Protocol has shed $15.28 points and is languishing 87.66% lower over the past year, leaving its yearly highs around $17.45 in the rear-view mirror. NEAR is currently trading with a market cap of 1.93 billion with an average daily volume of 101.91 million.