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July 03, 2023Struggling to find upward momentum, NEAR has shed $0.024 to currently trade at $1.44 as it ranges between $1.43 and $1.48 so far today.
As the trading day comes to an end, chart analysis indicates NEAR Protocol could begin to recover as it approaches significant support, now 2 cents away from $1.43. Dipping below could be an indication that further losses are ahead. Concerning technical analysis and more specifically, trend indicators, despite being in the red so far in the current trading session, NEAR peaked above its 50 day Simple Moving Average around $1.46 — typically an early indicator of a new bullish trend beginning to emerge. According to asset volatility analysis, NEAR Protocol's upper Bollinger Band® is at $1.55 which indicates a further downward move may follow.
Notwithstanding NEAR Protocol's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
NEAR Protocol hit a significant low of $1.18 around 20 days ago, but has since recovered 24.61%. NEAR Protocol has a market cap of 1.34 billion with an average daily volume of 67.75 million.
