NEAR Protocol (NEAR) is currently priced at $0.9855, having experienced a 24-hour decline of 1.24%. The price has fluctuated within a daily range of $0.0575, reaching a high of $1.042 and a low of $0.9845, indicating a relatively stable trading session despite the slight downturn.

Trading volume stands at approximately 112.39 million, accounting for 8.86% of the market cap. The hourly moving averages reflect bearish sentiment, with the 8 SMA at $1.00 showing a decline of 1.55% and the 55 SMA at $1.03 down 4.52%, indicating consistent selling pressure over various time frames.

The 1-hour RSI is notably low at 24, suggesting that NEAR is currently oversold in the short term. Meanwhile, the 7-day RSI is at 44, indicating a lack of momentum and a potential consolidation phase, as the price has decreased by over 18% in the last week alone.

Further analysis reveals a troubling trend with a 14-day price change of -32.11% and a staggering 30-day decline of -42.45%. This significant depreciation signals underlying weaknesses in market sentiment and potential challenges in regaining bullish momentum in the near term.

Despite its all-time high of $20.44 reached in January 2022, NEAR's current price represents a drastic decline, suggesting that the market is still searching for a bottom. The technical indicators, combined with the negative price trends, point to a lack of buyer interest and increasing resistance levels.

Given the current oversold conditions but significant bearish trends, NEAR is advised to be in a Hold position. This recommendation is based on the potential for a short-term recovery due to oversold conditions, but the prevailing downtrend and lack of upward momentum suggest that entering new positions may be premature. Caution is warranted until clearer bullish signals emerge.