NEAR Protocol (NEAR) is currently priced at $1.035, reflecting a 24-hour decline of 3.21%. The price has fluctuated between $1.032 and $1.077 in the past day, indicating a tight daily range of just 0.045%, which suggests low volatility in the current market environment.

Trading volume stands at approximately $93.45 million, equating to a volume-to-market cap ratio of 7.01%. This relatively low volume suggests a lack of strong buyer interest at the moment, which may contribute to the downward price pressure observed over the past week, where the price has decreased by 13.41%.

Technical indicators reveal that NEAR is trading below all short- to medium-term simple moving averages (SMAs), with the 8 SMA at $1.04 and the 144 SMA at $1.10. The 1-hour Relative Strength Index (RSI) is at 38, indicating potential oversold conditions, while the 7-day RSI at 45 reflects a bearish sentiment prevailing over a longer period.

Fundamentally, NEAR is significantly down from its all-time high of $20.44 reached in January 2022, with substantial losses over the past month (-38.85%) and over the past 14 days (-29.35%). This long-term downtrend raises concerns regarding investor confidence and market strength, which are critical for a potential rebound.

Given the current price action, technical indicators, and broader market context, NEAR is exhibiting bearish signals with no immediate signs of reversal. As such, the recommendation is to Hold, as investors may want to monitor for further price stabilization or bullish patterns before making additional investments.