NEAR Protocol cryptocurrency trades up $0.02, approximately 1.46% higher going into tomorrow

NEAR Protocol closed out today at $1.38. Today, it reached highs around $1.45 before dropping back to $1.4.

NEAR Protocol is 3 cents away from testing key resistance at $1.43. Peaking above this level could inspire market bulls and open the path to further gains. Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.5, thereby suggesting that NEAR is becoming overvalued. Despite this, NEAR Protocol formed a session range of $1.38 to $1.45 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $1.42.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates NEAR Protocol is set for a reversal in the coming days.

NEAR shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash is up 5.96% to $191.94.

At the same time, Binance Coin is down $8.24 from the beginning of the session and now trades around $235.97.

Having set a significant low of $1.18 11 days ago, NEAR is trading 17.27% higher. NEAR Protocol has a market cap of 1.30 billion with an average daily volume of 53.79 million.