Having ended Wednesday at $1.83, NEAR Protocol dropped to $1.76, hitting its lowest point in 1 year. It later recovered $0.018 and trades at $1.77.
As the trading day comes to an end, chart analysis indicates NEAR Protocol fell below the $1.78 support zone and moved 1 cents beyond it; the next level of support with significant buyer interest is estimated at $1.74. Momentum evaluation shows that the Relative Strength Index indicates NEAR Protocol is in an oversold condition, which could precipitate a reversal and set up a new bullish phase.
In the meantime, negative performances are also seen in other markets, FTX Token closed at $1.44 (down 8.37%).
Other assets are showing positive performances as Algorand USD added 8.06% to its value, now trading at $0.289. Having closed the previous session at $268, Binance Coin is up 2.07% today to currently trade at around $273.56.
10 months ago NEAR Protocol reached a significant high of $20.2 but has consequently lost 90.94% since then. NEAR has a market cap of 1.47 billion with an average daily volume of 35.91 million.