Tentatively higher from an earlier low of $2.89, NEAR Protocol is up to $3.07 today, adding $0.173, or 5.97%, to today's closing price of $2.9.
A study of NEAR's historical price actions shows NEAR Protocol could be slowing down soon; it is getting close to the resistance line and is now at $3, only 6 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend-focused traders would be interested to note that NEAR Protocol made an initial breakout above its 21 day Simple Moving Average at $3, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that NEAR's upper Bollinger Band® is at $3.14, this is a slight indication of a slowdown.
All in all, the technical analysis suggests NEAR Protocol has no clear-cut direction.
NEAR shows positive signs, other assets are also on par: having closed the previous session at $0.873, MaticNetwork USD is up 9.26% today to currently trade at around $0.954. Chainlink USD is up 6.44%. Algorand USD is up 5.67%.
NEAR Protocol reached a significant high of $20.2 around 9 months ago but has lost 85.65% since then. NEAR is currently trading with a market cap of 2.51 billion with an average daily volume of 26.34 million.