NEAR Protocol ended the previous session at $2.56; currently trading at $2.46

NEAR Protocol is grinding lower from $2.56 to $2.46, shedding $0.107 (4.16%) today.

NEAR Protocol made an initial break below its 21 day Simple Moving Average at $2.42, a possible indication of a forthcoming negative trend. NEAR Protocol's upper Bollinger Band® is at $2.74 which indicates a further downward move may follow. In contrast, after reaching the $2.46 support zone, NEAR Protocol bounced and climbed 4 cents above it.

Overall, looking at the technical analysis landscape, it seems NEAR Protocol is likely to continue pointing down in the short term.

In the meantime, negative performances are also seen in other markets, Solana closed at $23.58 (down 5.52%).

Other assets are showing positive performances as FTX Token is up 9.54%. Tezos USD is up 6.75%.

NEAR has fallen back around 85.42% over the past 10 months, from a notable high of $17.58. NEAR Protocol has a market cap of 2.12 billion with an average daily volume of 123 million.