Without a clear-cut direction, NEAR Protocol is trading around $3.12 and ranging between $3.1 and $3.15.
NEAR Protocol made an initial break below its 3 day Simple Moving Average at $3.11, a possible indication of a forthcoming negative trend. NEAR's upper Bollinger Band® is at $3.16, suggesting that a downward move may follow. On the other hand, note that NEAR is approaching key support, around 5 cents away from $3.07. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Although price action remains in a stalemate, technical analysis suggests NEAR Protocol could be primed for a break to the downside.
While NEAR is pretty flat so far today, mixed performances are seen elsewhere as Dogecoin is up 13.72%. Ripple is down to $0.46, losing $0.004, after closing at $0.464 in the preceding trading session. Polkadot gained 0.94% and is now trading at $6.68.
9 months ago NEAR reached a significant high of $20.2 but has consequently lost 84.62% since then. NEAR is currently trading with a market cap of 2.55 billion with an average daily volume of 24.45 million.