NEAR Protocol is currently trading at $1.58, reflecting a 4.37% increase over the past 24 hours. The price has fluctuated between $1.51 and $1.59 during this period, indicating a relatively tight daily range of 0.08%.

The trading volume over the last 24 hours stands at approximately $236.62 million, contributing to a volume-to-market cap ratio of 11.65%. The hourly moving averages indicate bullish momentum for shorter time frames, with the 8, 13, and 21 SMA all showing positive changes, while the 144 SMA is indicating a bearish trend over a longer period, down 3.39%.

The 1-hour Relative Strength Index (RSI) is at 63, suggesting a strong short-term upward momentum. Conversely, the 7-day RSI is at 42, reflecting bearish pressure in the medium term, compounded by significant price declines over the last week (-14.92%) and month (-31.21%).

Despite the recent uptick in price, NEAR Protocol remains substantially below its all-time high of $20.44, set in January 2022. The consistent downtrends over the longer time frames indicate that market sentiment may still be cautious, especially as the 14-day price change also shows a decline of 13.38%.

Given the current technical indicators and the mixed sentiment from the RSI readings, NEAR shows short-term bullish potential but is hampered by longer-term bearish trends. Therefore, the recommendation is to Hold, as this allows for potential upside capture while monitoring for further signs of recovery or additional downward pressure.