NEAR gains positive traction for a 4th successive day

Tentatively higher from an earlier low of $1.29, NEAR is up to $1.33 today, adding $0.03, or 2.32%, to today's closing price of $1.3.

NEAR Protocol made an initial breakout above its 21 day Simple Moving Average at $1.35, a potential indicator of a newly emerging bullish phase. Despite this, NEAR Protocol reversed direction at $1.34 resistance zone and retreated back 1 cents below it.

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

Other markets are also showing gains as Bitcoin Cash is up 22.37% to $134.51. Bitcoin rallies 5.72% to trade around $29,900. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

NEAR has recovered 10.23% since descending to a significant low of $1.18 around 8 days ago. NEAR Protocol has a market cap of 1.23 billion with an average daily volume of 52.60 million.