NEAR Protocol (NEAR) is currently trading at $1.81, reflecting a slight 24-hour change of -0.05417%. The price has fluctuated within a narrow range of $1.81 to $1.90 over the past day, indicating limited volatility, with a daily range of just 0.09%.

The trading volume stands at approximately 217.6 million, representing a volume-to-market cap ratio of 9.41%, suggesting healthy trading activity relative to its market capitalization. However, the hourly moving averages show a bearish trend, with the 8 SMA and 13 SMA both at $1.87, indicating a decline of over 3%, while the 21 SMA slightly lags at $1.85.

The 1-hour RSI is currently at 40, which suggests that NEAR is nearing oversold conditions, but still lacks bullish momentum. Additionally, the 7-day RSI at 46 indicates a neutral sentiment, while recent price changes over the past week, 14 days, and 30 days show declines of -7.13%, -16.24%, and -2.87%, respectively, pointing to a bearish trend in the medium term.

Given NEAR’s current price is significantly below its all-time high of $20.44, there is considerable room for recovery if market conditions improve. However, the recent downward trajectory combined with the bearish moving averages suggests continued selling pressure.

In conclusion, while the current low RSI levels might indicate a potential bounce-back, the prevailing bearish trends in price movements and moving averages lead to a cautious outlook. Therefore, the recommendation for NEAR Protocol (NEAR) is to Hold, as the market requires stabilization and clearer bullish signals before considering a Buy.