NEAR Protocol (NEAR) is currently trading at $1.19, showing a slight 24-hour change of 0.59%. The daily price range has been relatively tight, with a high of $1.23 and a low of $1.17, indicating limited volatility.

The trading volume stands at approximately 139.54 million, equating to 9.10% of its market cap, which suggests active participation in the market. However, moving averages indicate bearish momentum, with the 8 SMA at $1.20 down 0.62%, and the 144 SMA significantly lower at $1.30, down 8.45%.

The Relative Strength Index (RSI) readings reveal an oversold condition, with the 1-hour RSI at 33 and the 7-day RSI at 39, suggesting potential for short-term recovery but also indicating weakness over the longer term. Price performance over the past week, 14 days, and 30 days shows declines of approximately 18.11%, 23.27%, and 30.80%, respectively, highlighting a persistent downtrend.

Given the current technical indicators and the price performance, NEAR Protocol is under significant pressure, and while there may be short-term bounce potential due to oversold conditions, the overall trend remains negative. The risk of further declines is elevated, particularly given the substantial distance from the all-time high of $20.44.

In conclusion, based on the prevailing market conditions and technical analysis, I recommend a Sell rating for NEAR Protocol. The lack of bullish signals and the ongoing downtrend suggest that capital may be better allocated elsewhere until clearer signs of recovery emerge.