NEAR Protocol (NEAR) is currently priced at $1.28, reflecting a 24-hour decline of 3.02%. The daily trading range has been narrow, with a high of $1.35 and a low of $1.28, indicating limited volatility and a bearish sentiment in the short term.

The volume of 164,567,169 NEAR indicates a trading volume that accounts for 10% of the market cap, suggesting moderate liquidity. The hourly moving averages are trending downward, with the 55 SMA at $1.35 and the 144 SMA at $1.42, both indicating bearish momentum as they are significantly above the current price.

The Relative Strength Index (RSI) metrics reveal a weak market position, with the 1-hour RSI at 18, indicating strong oversold conditions, while the 7-day RSI at 41 suggests a bearish trend that could continue. Additionally, the price has decreased by 15.14% over the past week and 27.68% over the past 14 days, signaling ongoing negative sentiment.

NEAR's all-time high was $20.44 on January 16, 2022, indicating a significant decline from current levels and highlighting the need for a substantial recovery phase. The consistent downward price changes over various time frames suggest a challenging environment for bullish traders.

Given the current price action, high RSI readings, and negative price trends, NEAR appears to be in a downtrend. Therefore, the recommendation is to Hold, as entering at this level may carry additional risk until a clearer reversal pattern or positive market indicators emerge.