Tough start for NEAR this morning following 0.95% decline; now at $2.35

NEAR Protocol is grinding lower from $2.38 to $2.35, shedding $0.023 (0.95%) today.

As the trading day commences, technical analysis suggests NEAR Protocol could begin to recover as it approaches significant support, now 6 cents away from $2.29. Dipping below could be an indication that further losses are ahead. Trend analysis indicates that NEAR Protocol made an initial break below its 3 day Simple Moving Average at $2.35, a possible indication of a forthcoming negative trend. According to asset volatility analysis, NEAR Protocol's lower Bollinger Band® is at $2.1, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

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 is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Positive performances can be seen by looking at other markets as FTX Token jumps 9.54% to trade around $1.36.

Having soared to a high of $17.58 approximately 10 months ago, NEAR Protocol is now trading 86.48% lower. NEAR has a market cap of 2 billion with an average daily volume of 128.23 million.