NEAR slides down from $1.9 to $1.84 today, losing $0.064 (3.38%).
Technical chart analysis shows NEAR Protocol could begin to recover as it approaches significant support, now 4 cents away from $1.79. Dipping below could be an indication that further losses are ahead. With regards to technical trend indicators, chart analysis show that NEAR made an initial break below its 10 day Simple Moving Average at $1.9, a possible indication of a forthcoming negative trend. According to asset volatility analysis, NEAR's lower Bollinger Band® is at $1.65, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
With market volatility ebbing, the current technical outlook indicates NEAR will remain range-bound for the immediate future.
In the meantime, negative performances are also seen in other markets, EOS is down to $1, losing $0.034, after closing at $1.03 in the preceding trading session. Bitcoin Cash is down to $117.25, losing $2.96, after closing at $120.21 in the preceding trading session.
Positive performances can be seen by looking at other markets as FTX Token is up 9.54%.
NEAR Protocol has shed $11.16 points and is languishing 85.44% lower over the past year, leaving its yearly highs around $13 in the rear-view mirror. NEAR is currently trading with a market cap of 1.65 billion with an average daily volume of 91.59 million.
