NEAR Protocol ended the previous session at $1.89; currently trading at $1.87

NEAR slides down from $1.89 to $1.87 today, losing $0.013 (0.67%).

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. NEAR bounced $0.028 away from Fibonacci support at $1.84. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $1.77, a low enough level to, generally, suggest that NEAR is trading below its fair value. A study of NEAR's chart reveals various key levels to watch: NEAR Protocol could begin to recover as it approaches significant support, now 1 cents away from $1.86. Dipping below could be an indication that further losses are ahead.

With market volatility ebbing, the current technical outlook indicates NEAR Protocol will remain range-bound for the immediate future.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD closed at $6.43 (down 2.98%). MaticNetwork USD draws back 2.29% to trade around $0.967.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

NEAR Protocol is now trading 87.22% below the significant high of $14.76 it set around a year ago. NEAR Protocol is currently trading with a market cap of 1.67 billion with an average daily volume of 103.99 million.