Tentatively higher from an earlier low of $2.5, NEAR is up to $2.69 today, adding $0.12, or 4.64%, to today's closing price of $2.57.
Following today's trading session, chart analysis suggests NEAR Protocol is 11 cents away from testing key resistance at $2.81. Peaking above this level could inspire market bulls and open the path to further gains. Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $2.77, thereby suggesting that NEAR is becoming overvalued.
Overall, while NEAR has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Other markets are also showing gains as FTX Token is up 9.54%. Bitcoin Cash improves 5.67% to trade around $144.13. Tezos USD goes up 5.66% to trade around $1.26.
Over the past 10 months, NEAR has retreated 85.35% from a noteworthy peak of $17.58. NEAR Protocol has a market cap of 2.32 billion with an average daily volume of 116 million.