NEAR Protocol is currently trading at $1, having experienced a significant decline of 5.20% over the past 24 hours. The daily trading range has been narrow, with a high of $1.057 and a low of $0.9875, indicating reduced volatility in the market.

Volume is recorded at 110,005,274, which corresponds to a volume-to-market cap ratio of 8.53%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages indicate a bearish trend, with all key SMAs showing declines, particularly the 55 SMA at $1.05, which is down 5.18%.

The 1-hour RSI at 28 indicates that NEAR is in oversold territory, suggesting a potential rebound in the short term. However, the 7-day RSI at 44 and the longer-term price changes (down 17.74% over 7 days and 41.47% over 30 days) paint a bearish picture, indicating ongoing selling pressure.

Despite the oversold conditions indicated by the 1-hour RSI, the broader trend remains negative, given the significant drops in price over the past weeks. The proximity to the all-time high of $20.44 suggests a stark contrast between current performance and historical highs, emphasizing the current weakness in demand.

Considering the technical indicators and the prevailing market sentiment, the recommendation for NEAR Protocol is to Hold. While the short-term oversold conditions may present a buying opportunity, the sustained downtrend and lack of bullish momentum suggest caution in initiating new positions at this time.