NEAR Protocol (NEAR) is currently priced at $2.36, reflecting a 2.62% increase over the past 24 hours. The daily price range has been narrow, with a low of $2.16 and a high of $2.39, indicating limited volatility in recent trading sessions.

Volume stands at 516,385,909, with a volume-to-market cap ratio of 17.15%, suggesting active trading interest relative to its market capitalization. Short-term moving averages indicate a bullish trend, with the 8 SMA at $2.24 (+5.56%) and the 13 SMA at $2.25 (+4.77%), signaling upward momentum.

The 1-hour RSI is currently at 61, suggesting that NEAR is approaching overbought territory, while the 7-day RSI at 50 indicates neutrality in the medium term. Despite a recent 7-day price drop of approximately 6.98%, the 14-day and 30-day price changes of 21.01% and 4.07%, respectively, suggest a recovering trend over the longer term.

Considering the current technical indicators and recent price behavior, NEAR is showing signs of a potential upward trend with strong support from moving averages. However, the recent drop over the past week could be a concern for short-term traders looking for stability.

Overall, the analysis suggests a cautious Buy rating for NEAR Protocol. The bullish short-term indicators and longer-term recovery trends outweigh recent volatility, making it a favorable entry point for investors looking to capitalize on the expected upward momentum.