NEAR Protocol trades at $1.64, after ending today at $1.65.
NEAR Protocol is approaching key support, around 6 cents away from $1.59. 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. The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.
Despite muted price action in NEAR, chart analysis indicates it is positioned for a bullish run in the short term.
While NEAR is pretty flat so far today, mixed performances are seen elsewhere as Dogecoin is up 2.38%. After ending today's session at $0.409, Ripple lost $0.004 and is trading around $0.405. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.
Approximately 10 months ago, NEAR reached a significant high of $20.2 but has struggled to hold onto its gains and declined 91.85% since then. NEAR Protocol has a market cap of 1.37 billion with an average daily volume of 32.38 million.