NEAR Protocol is down 0.51%, trading at $1.66

NEAR slides down from $1.67 to $1.66 today, losing $0.009 (0.51%).

Trend analysis indicates that NEAR Protocol made an initial break below its 10 day Simple Moving Average at $1.65, a possible indication of a forthcoming negative trend. Asset volatility analysis shows that NEAR's lower Bollinger Band® is at $1.53, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Support/Resistance levels obtained from chart analysis indicate that NEAR could begin to recover as it approaches significant support, now 1 cents away from $1.65. Dipping below could be an indication that further losses are ahead.

Overall, the technical outlook suggests NEAR Protocol is likely to remain muted for the immediate future, with no clear-cut direction.

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

Other assets are showing positive performances as FTX Token is up 9.54%. Having closed the previous session at $0.071, TRON is up 2.61% today to currently trade at around $0.073.

Having soared to a high of $6.26 approximately 11 months ago, NEAR Protocol is now trading 73.39% lower. NEAR has a market cap of 1.50 billion with an average daily volume of 48.59 million.