NEAR Protocol ended the previous session at $1.66; currently trading at $1.64

Struggling to find upward momentum, NEAR has shed $0.014 to currently trade at $1.64 as it ranges between $1.63 and $1.67 so far today.

NEAR Protocol could begin to recover as it approaches significant support, now 3 cents away from $1.65. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, NEAR Protocol peaked above its 10 day Simple Moving Average around $1.66 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $1.52, a low enough level to, generally, suggest that NEAR is trading below its fair value.

Technical analysis shows that NEAR Protocol (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD is trading around $6.43 (down $0.197).

Positive performances can be seen by looking at other markets as FTX Token rallies 9.54% to trade around $1.36. Litecoin gained 2.6% and is currently trading at $89.39.

Having soared to a high of $6.74 approximately a year ago, NEAR Protocol is now trading 75.38% lower. NEAR Protocol has a market cap of 1.49 billion with an average daily volume of 54.43 million.