NEAR down $0.121, closing at $1.36, for its 4th straight negative day

As the current session draws to a close, NEAR remains in the $1.34 – $1.48 range after dropping 8.18%.

NEAR Protocol made an initial break below its 10 day Simple Moving Average at $1.39, a possible indication of a forthcoming negative trend. NEAR Protocol is currently flirting with an active Fibonacci support level around $1.42. NEAR's upper Bollinger Band® is at $1.49 which indicates a further downward move may follow. Despite this, NEAR could begin to recover as it approaches significant support, now 6 cents away from $1.29. Dipping below could be an indication that further losses are ahead.

Looking forward, NEAR is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, EOS falls 7.03% to trade around $0.669. Litecoin is trading around $83.12 (down $4.81).

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

NEAR Protocol hit a significant low of $1.18 around 15 days ago, but has since recovered 25.39%. NEAR has a market cap of 1.26 billion with an average daily volume of 66.61 million.