NEAR decreases $0.023 following previous session close at $1.97

Slightly weaker but mostly flat: NEAR is currently trading at $1.95 as it maintains an active range between $1.94 and $2.

A study of NEAR Protocol's historical price actions shows NEAR Protocol could begin to recover as it approaches significant support, now 1 cents away from $1.94. Dipping below could be an indication that further losses are ahead. With regards to technical trend indicators, chart analysis show that despite being in the red so far in the current trading session, NEAR Protocol peaked above its 21 day Simple Moving Average around $1.98 — typically an early indicator of a new bullish trend beginning to emerge. Analysis based on the asset volatility indicates that NEAR Protocol's upper Bollinger Band® is at $2.06 which indicates a further downward move may follow.

Overall, the technical outlook suggests NEAR Protocol is likely to remain muted for the immediate future, with no clear-cut direction.

In the meantime, negative performances are also seen in other markets, Tezos USD is down $0.013 from the beginning of the session and now trades around $1.09.

Other assets are showing positive performances as FTX Token is up 9.54%. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

NEAR Protocol has shed $15.6 points and is languishing 88.78% lower over the past year, leaving its yearly highs around $17.57 in the rear-view mirror. NEAR Protocol is currently trading with a market cap of 1.69 billion with an average daily volume of 86.77 million.