NEAR Protocol bounces $0.011 from 5 months low

After ending today at $1.62, today NEAR dropped to its lowest point in 5 months at $1.47. It later recovered $0.011 and is now trading at $1.48.

NEAR Protocol fell below the $1.59 support zone and moved 11 cents beyond it; the next level of support with significant buyer interest is estimated at $1.56. A crossing of the lower Bollinger Band® at $1.52 suggests further losses may follow for NEAR. Despite this, despite being in the red so far in the current trading session, NEAR Protocol peaked above its 21 day Simple Moving Average around $1.62 — typically an early indicator of a new bullish trend beginning to emerge.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for NEAR Protocol.

In the meantime, negative performances are also seen in other markets, Binance Coin is down $28.74 from the beginning of the session and now trades around $275.96. After ending today's session at $0.911, EOS lost $0.078 and is trading around $0.833. Dogecoin closed at $0.066 (down 8.18%).

NEAR Protocol is now trading 73% below the significant high of $6 it set around 9 months ago. NEAR is currently trading with a market cap of 1.36 billion with an average daily volume of 45.15 million.