NEAR Protocol cryptocurrency trades up $0.035, approximately 2.35% higher going into tomorrow

Small gain for NEAR at $1.54 after ranging between $1.46 and $1.54 today.

NEAR Protocol could be slowing down soon as it approaches resistance at $1.61. Of course, crossing it might suggest further gains are ahead. NEAR's upper Bollinger Band® is at $1.7, this is a slight indication of a slowdown. Despite this, NEAR Protocol made an initial breakout above its 3 day Simple Moving Average at $1.53, a potential indicator of a newly emerging bullish phase.

Technical analysis of NEAR Protocol price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

NEAR Protocol shows positive signs, other assets are also on par: Bitcoin surges 5.19% to trade around $27,071. FTX Token gained 9.54% and is now trading at $1.36. Dogecoin is up 6.69%.

Over the past 9 months, NEAR has retreated 74.93% from a noteworthy peak of $6. NEAR Protocol has a market cap of 1.40 billion with an average daily volume of 48.29 million.