NEAR Protocol (NEAR) is currently priced at $1.79, reflecting a 24-hour change of -3.55%. The asset traded within a daily range of $1.76 to $1.90, indicating some volatility but primarily bearish momentum as it closes toward the lower end of that range.

The trading volume over the last 24 hours stands at approximately 180.89 million, corresponding to a volume-to-market cap ratio of 7.89%. This volume indicates moderate trading activity but is insufficient to drive significant price recovery given the recent downward pressure.

Technical indicators reveal that NEAR is struggling below key moving averages, with the 8, 13, 21, and 55 SMAs all reflecting negative momentum. The hourly RSI at 38 suggests oversold conditions, while the 7-day RSI at 47 indicates a lack of strong bullish momentum, confirming a prevailing bearish sentiment over the past week.

Furthermore, the longer-term price trends show declines of -5.03% over the last week, -11.64% over the past two weeks, and -3.67% in the last 30 days. This consistent downtrend, coupled with the failure to breach the $1.80 resistance level, signals a lack of confidence among traders.

Given the current price action, technical indicators, and fundamental performance, NEAR appears to be in a bearish phase with limited upside potential in the short term. Therefore, the recommendation is to Hold NEAR, as there may be opportunities for a better entry point if the price continues to consolidate or further declines occur.