NEAR Protocol down $0.011, closing at $1.92, for its 5th straight negative day

NEAR Protocol remains range-bound within a $1.9 to $1.93 range but falls to $1.92 in choppy trade.

NEAR Protocol could begin to recover as it approaches significant support, now 8 cents away from $1.84. Dipping below could be an indication that further losses are ahead. NEAR's lower Bollinger Band® is at $1.81, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Technical analysis indicates that NEAR Protocol (currently on a downtrend) might reverse course and start pointing upward in the short term.

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36. Binance Coin climbs 2.03% to trade around $328. TRON gained 1.35% and is now trading at $0.066.

NEAR Protocol is trading 87.52% lower compared to the $15.41 high it reached over the past year. NEAR Protocol has a market cap of 1.71 billion with an average daily volume of 99.41 million.