Trading lower, NEAR is currently down $0.015 as it ranges between $2 and $2.06 so far today.
Technical analysis trend indicators suggest that NEAR Protocol made an initial break below its 50 day Simple Moving Average at $2.04, a possible indication of a forthcoming negative trend. Price action remains constrained around the key Fibonacci level of $2.04 currently serving as support. If price action breaks below, the next Fib hurdle is $1.96. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $1.85, a low enough level to, generally, suggest that NEAR is trading below its fair value. Support/Resistance levels obtained from chart analysis indicate that although NEAR Protocol is pointing down today (was as low as $2), it's climbing away from the $1.98 support line and is now 5 cents above it.
All in all, the technical analysis suggests NEAR has no clear-cut direction.
In the meantime, negative performances are also seen in other markets, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.
Positive performances can be seen by looking at other markets as FTX Token is up 9.54%. Binance Coin is up 3.16%.
NEAR is trading 87.8% lower compared to the $16.77 high it reached over the past year. NEAR has a market cap of 1.81 billion with an average daily volume of 104.58 million.
