NEAR Protocol cryptocurrency trades up $0.058, approximately 3.77% higher going into tomorrow

NEAR Protocol has rallied $0.058, or 3.77%, to now stand at $1.61.

Trend-following investors would be interested to note that NEAR Protocol made an initial breakout above its 10 day Simple Moving Average at $1.59, a potential indicator of a newly emerging bullish phase. NEAR formed a session range of $1.54 to $1.61 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $1.59. Asset volatility analysis shows that NEAR Protocol's upper Bollinger Band® is at $1.7, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates NEAR broke through the $1.57 resistance and climbed 3 cents above it.

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

NEAR Protocol shows positive signs, other assets are also on par: FTX Token is up 9.54%. TRON is up 2.59%. Ripple added 3.28% to its value, now trading at $0.524.

Over the past 9 months, NEAR has retreated 74.18% from a noteworthy peak of $6. NEAR Protocol has a market cap of 1.46 billion with an average daily volume of 48.85 million.