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April 10, 2023
NEAR Protocol drops $0 early on and steadies around the $2 level.
NEAR Protocol made an initial break below its 10 day Simple Moving Average at $1.98, a possible indication of a forthcoming negative trend. NEAR's upper Bollinger Band® is at $2.06 which indicates a further downward move may follow. In contrast, NEAR could begin to recover as it approaches significant support, now 4 cents away from $1.95. Dipping below could be an indication that further losses are ahead.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts NEAR Protocol to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the NEAR Protocol is expected to attract significant bearish sentiment in the coming days.
Positive performances can be seen by looking at other markets as FTX Token added 9.54% to its value, now trading at $1.36. UNICORN Token USD increases 1.62% to trade around $6.47.
In addition, TRON moves 0.44% to trade around $0.067.
Since its 52-week high of $17.48, NEAR has lost 88.52% over the last twelve months. NEAR is currently trading with a market cap of 1.73 billion with an average daily volume of 80.27 million.
