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March 11, 2023
NEAR falls to $1.74, following mixed behavior today as it ranges between $1.74 and $1.85.
NEAR Protocol could begin to recover as it approaches significant support, now 6 cents away from $1.68. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, NEAR peaked above its 5 day Simple Moving Average around $1.83 — typically an early indicator of a new bullish trend beginning to emerge. NEAR's lower Bollinger Band® is at $1.63, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems NEAR Protocol is set to appreciate despite today's setback.
In the meantime, negative performances are also seen in other markets, EOS is trading around $0.975 (down $0.07). After ending today's session at $71.63, Litecoin lost $4.06 and is trading around $67.57.
Other assets are showing positive performances as FTX Token is up 9.54% to $1.36.
Having soared to a high of $17.58 approximately 11 months ago, NEAR Protocol is now trading 89.75% lower. NEAR Protocol has a market cap of 1.51 billion with an average daily volume of 111.90 million.
