Tentatively higher from an earlier low of $1.72, NEAR is up to $1.73 today, adding $0.013, or 0.77%, to today's closing price of $1.72.
NEAR Protocol could be slowing down soon; it is getting close to the resistance line and is now at $1.79, only 6 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Although up today, early price action saw NEAR Protocol dropping below its 5 day Simple Moving Average at $1.72 — an early indicator that a new downward trend could be emerging. NEAR Protocol's upper Bollinger Band® is at $1.83, this is a slight indication of a slowdown.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates NEAR Protocol is set for a reversal in the coming days.
Other markets are also showing gains as having closed the previous session at $110.44, Bitcoin Cash is up 1.18% today to currently trade at around $111.75. FTX Token gained 1.32% and is now trading at $1.41.
Meanwhile, Ripple is down to $0.382, losing $0.007, after closing at $0.39 in the preceding trading session.
NEAR Protocol reached a significant high of $20.2 around 10 months ago but has lost 91.5% since then. NEAR Protocol has a market cap of 1.44 billion with an average daily volume of 20.53 million.