NEAR Protocol (NEAR) is currently priced at $1.083, reflecting a 24-hour decline of approximately 2.96%. The daily trading range has been narrow, with a high of $1.15 and a low of $1.08, indicating minimal volatility in the recent session.

The trading volume stands at 194,831,973, translating to a volume-to-market cap ratio of 13.98%. This suggests moderate interest in trading NEAR; however, the downward price action may deter potential buyers, as seen with an hourly RSI of 23, indicating significant oversold conditions.

In terms of moving averages, the short-term SMAs (8, 13, and 21) are trending negatively, with the 55 SMA also reflecting a decline. Conversely, the 144 SMA has shown positive movement, increasing by 3.10%, hinting at a potential support level around $1.05.

Over the past week, NEAR has seen a price increase of about 3.35%, but this is overshadowed by a substantial 27.14% decline over the last 30 days. This indicates a bearish trend in the medium term, despite recent short-term gains.

Given the current technical indicators and overall market sentiment, NEAR appears to be struggling to establish a firm upward trajectory. With a critical focus on the upcoming trading sessions and the potential for further volatility, the recommendation is to Hold NEAR at this point, observing for signs of stabilization or further price decline before making any buying decisions.