NEAR Protocol (NEAR) is currently trading at $1.11, reflecting a slight decline of 0.98% over the last 24 hours. The price has fluctuated between a high of $1.15 and a low of $1.088, indicating a daily range of 0.062% and a trading volume of approximately 207 million NEAR, which represents 14.52% of its market cap.

Technical indicators suggest a bearish sentiment in the short term, with the hourly moving averages showing declines across the board. The 8 SMA is at $1.14 (-2.32%), while the longer 144 SMA indicates a potential support level at $1.05, which has gained 5.84% recently, providing some bullish momentum in the longer term.

The Relative Strength Index (RSI) metrics reveal mixed signals; the 1-hour RSI at 39 suggests the asset is nearing oversold conditions, while the 7-day RSI of 53 indicates neutral territory. Recent price performance shows a 6.77% increase over the past week and a 9.59% increase over the past two weeks, contrasting sharply with a 24.65% decline over the past month.

NEAR's all-time high stands at $20.44, recorded in January 2022, underscoring the significant distance from its peak. The current price action suggests a consolidation phase, as the asset attempts to find support above the critical level of $1.05 while facing resistance at $1.14.

Given the current data and analysis, a Hold rating is appropriate for NEAR Protocol. While there are signs of potential recovery in the short term, the recent downtrend and the mixed technical indicators warrant caution before making a new investment.