NEAR Protocol is range-bound between $1.5 and $1.62 today after shedding $0.07 and closing at $1.61 today.
'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Bollinger Bands® shows an indication of recovery: the lower band is at $1.38, a low enough level to, generally, suggest that NEAR is trading below its fair value. On the other hand, note that NEAR Protocol fell below the $1.58 support zone and moved 4 cents beyond it; the next level of support with significant buyer interest is estimated at $1.55.
Overall, looking at the technical analysis landscape, it seems NEAR Protocol —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, Binance Coin is down to $296.3, losing $12.32, after closing at $308.61 in the preceding trading session. Ripple is trading around $0.382 (down $0.016). Dogecoin withdraws 3.87% to trade around $0.095.
10 months ago NEAR reached a significant high of $20.2 but has consequently lost 92% since then. NEAR has a market cap of 1.28 billion with an average daily volume of 30.70 million.