NEAR Protocol (NEAR) is currently trading at $1.45, experiencing a 24-hour decline of 2.06%. The daily price range has been tight, fluctuating between $1.45 and $1.50, indicating low volatility in the current market.

Volume has reached 129,723,918, representing 6.97% of the market cap, which suggests a moderate level of trading activity. However, the 24-hour price change and the lack of significant upward momentum in the recent days highlight a bearish sentiment, with a 7-day price change of -6.49% and a 14-day decline of -18.89%.

Technical indicators show that all short-term moving averages (8, 13, 21, 55, and 144 SMA) are clustered around $1.48, all reflecting negative price changes, which indicates a lack of bullish momentum. The hourly RSI at 41 suggests a neutral to slightly bearish trend, while the 7-day RSI at 46 reinforces this with no immediate signs of oversold conditions.

The historical performance is concerning, as the price is significantly down from its all-time high of $20.44 set in January 2022. The recent price trends and technical indicators suggest that NEAR is in a consolidation phase, but with downward pressure dominating the market sentiment.

Given the current price action and the bearish indicators, a cautious approach is warranted. Therefore, I recommend a Hold rating for NEAR Protocol at this time, allowing for further observation of price action and potential recovery signals before making a Buy decision.