After closing the previous trading day at $1.31, NEAR went up to $1.35 only to drop back; still positive overall today, now trading at $1.33.
Technical analysis trend indicators suggest that NEAR Protocol made an initial breakout above its 10 day Simple Moving Average at $1.32, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.48, thereby suggesting that NEAR Protocol is becoming overvalued. Analysis of NEAR Protocol's recent price action suggests NEAR could be slowing down soon as it approaches resistance at $1.35. Of course, crossing it might suggest further gains are ahead.
Overall, the technical outlook suggests NEAR is likely to remain muted for the immediate future, with no clear-cut direction.
NEAR shows positive signs, other assets are also on par: Solana is up 5.63%. Cosmos USD is up 3.68%. Tezos USD is up 2.34%.
Over the past 11 months, NEAR has retreated 93.5% from a noteworthy peak of $20.2. NEAR Protocol has a market cap of 1.13 billion with an average daily volume of 11.17 million.