Without a clear-cut direction, NEAR Protocol is trading around $2.88 and ranging between $2.83 and $2.92.
Trend-following investors would be interested to note that NEAR Protocol made an initial break below its 3 day Simple Moving Average at $2.89, a possible indication of a forthcoming negative trend. Momentum evaluation shows that first developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In NEAR's case, the RSI has fallen below 30, indicating the asset is oversold. According to asset volatility analysis, NEAR's upper Bollinger Band® is at $3.79 and the lower is $2.61. A study of NEAR Protocol's chart reveals various key levels to watch: NEAR is approaching key support, around 11 cents away from $2.77. 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 current technical outlook indicates NEAR will continue to ebb sideways within tight ranges for the immediate future.
While NEAR is pretty flat so far today, mixed performances are seen elsewhere as Bitcoin Cash goes up 1.08% to trade around $108.23. Litecoin is up 1.02%.
NEAR traded as high as $20.2 before shedding 81.26% lower over the past six months. NEAR Protocol is currently trading with a market cap of 2.34 billion with an average daily volume of 20.94 million.