NEAR is down 0.91%, trading at $1.56

NEAR slides down from $1.57 to $1.56 today, losing $0.014 (0.91%).

The Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. NEAR's upper Bollinger Band® is at $1.72 which indicates a further downward move may follow. Despite this, NEAR reversed direction at $1.54 support zone and climbed 2 cents above it.

In the short term, NEAR is expected to maintain its recent downtrend and continue spiralling lower.

In the meantime, negative performances are also seen in other markets, Cardano is down to $0.356, losing $0.008, after closing at $0.364 in the preceding trading session. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Positive performances can be seen by looking at other markets as FTX Token soars 9.54% to trade around $1.36.

Approximately 9 months ago, NEAR reached a significant high of $6 but has struggled to hold onto its gains and declined 73.73% since then. NEAR Protocol is currently trading with a market cap of 1.42 billion with an average daily volume of 50.93 million.