NEAR recovers back to $1.95 after dipping down to $1.9 today, in a session that followed a closing value of $1.94.
Technical analysis shows that NEAR Protocol reversed direction at $1.92 support zone and climbed 2 cents above it. Trend-focused traders would be interested to note that NEAR made an initial break below its 10 day Simple Moving Average at $1.93, a possible indication of a forthcoming negative trend. According to asset volatility analysis, NEAR's upper Bollinger Band® is at $2.4 and the lower is $1.73.
Overall, the technical outlook suggests NEAR Protocol is likely to remain muted for the immediate future, with no clear-cut direction.
While NEAR Protocol is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Tezos USD is down $0.027 from the beginning of the session and now trades around $1. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.
NEAR reached a significant high of $13 around 11 months ago but has lost 85.08% since then. NEAR is currently trading with a market cap of 1.74 billion with an average daily volume of 102.62 million.