NEAR Protocol is currently trading at $1.51, reflecting a 24-hour decrease of 4.27%. The price has experienced a daily range of only 0.09%, with a high of $1.60 and a low of $1.51, indicating tight trading activity within the session.

The trading volume over the past 24 hours stands at 147,372,685, translating to a volume-to-market cap ratio of 7.58%. This relatively high volume suggests a moderate level of investor interest, although the price decline indicates selling pressure may be dominant at this time.

Technical indicators reveal bearish momentum, with short-term moving averages (8 SMA, 13 SMA, and 21 SMA) all exhibiting significant declines of around 3.75% to 4.33%. The hourly RSI at 31 indicates oversold conditions, but the 7-day RSI at 50 suggests a neutral sentiment, complicating the immediate outlook.

Over the past week, NEAR has dropped by approximately 3.00%, and it has seen a more pronounced decline of 6.74% over the last 14 days. The 30-day change is even more concerning at -19.38%, signaling a longer-term downtrend that warrants caution from investors.

With the all-time high of $20.44 set in January 2022, NEAR is currently trading at a significant discount, but the ongoing bearish trends and lack of strong buying signals indicate a challenging environment for price recovery. Given these factors, including negative momentum and a bearish technical outlook, a cautious stance is recommended.

Rating: Sell. The recent price action and technical indicators suggest further downside risk, and investors should consider exiting positions or refraining from new purchases until clearer bullish signals emerge.