Slightly weaker but mostly flat: NEAR Protocol is currently trading at $3.02 as it maintains an active range between $3.02 and $3.09.
Bollinger bands shows an indication of recovery: the lower band is at $2.82, a low enough level to, generally, suggest that NEAR Protocol is trading below its fair value. NEAR could begin to recover as it approaches significant support, now 4 cents away from $3. Dipping below could be an indication that further losses are ahead.
Technical analysis shows that NEAR Protocol (currently on a downtrend) might reverse course and start going up in the short term.
In the meantime, negative performances are also seen in other markets, Ripple closed at $0.471 (down 2.06%). Cardano is trading around $0.366 (down $0.007). FTX Token closed at $23.72 (down 1.77%).
NEAR traded as high as $20.2 before shedding 80.57% lower over the past six months. NEAR Protocol has a market cap of 2.46 billion with an average daily volume of 21.91 million.