NEAR Protocol down $0.041, closing at $1.75, for its 6th straight negative day

Late into the session, NEAR loses $0.041 (2.28%), currently trading at $1.75.

Despite being in the red so far in the current trading session, NEAR Protocol peaked above its 3 day Simple Moving Average around $1.9 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $1.67, a low enough level to, generally, suggest that NEAR Protocol is trading below its fair value. NEAR could begin to recover as it approaches significant support, now 6 cents away from $1.69. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems NEAR Protocol —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, after ending today's session at $76.78, Litecoin lost $6.25 and is trading around $70.53. TRON withdraws 3.45% to trade around $0.057.

Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36.

NEAR Protocol reached a significant high of $17.58 around 11 months ago but has lost 89.82% since then. NEAR Protocol has a market cap of 1.51 billion with an average daily volume of 113.55 million.