NEAR Protocol (NEAR) is currently priced at $0.884439, reflecting a significant decline of 23.51% over the last 24 hours. The price has fluctuated between a 24-hour high of $1.16 and a low of $0.879448, indicating high volatility within the trading session.

Volume stands at 425,021,121, representing a volume-to-market cap ratio of 37.41%, which suggests heightened trading activity relative to its market capitalization. However, the drastic drop in price, coupled with a daily range of only 0.280552%, highlights a potential loss of investor confidence and market strength.

The short-term moving averages indicate a bearish trend, with the 8 SMA at $1.02 showing a decline of 13.45% and the 13 SMA at $1.06 down 16.20%. Longer-term averages are also in decline, with the 21 SMA at $1.08, 55 SMA at $1.14, and 144 SMA at $1.18 reflecting progressively worse performance, suggesting a lack of upward momentum.

The 1-hour RSI sits at a dangerously low level of 11, indicating extreme oversold conditions, while the 7-day RSI at 36 also suggests weakness in momentum. Over the last week, NEAR has dropped 35.61%, and over the last 30 days, the price has decreased by 51.08%, illustrating a strong downtrend.

NEAR's all-time high of $20.44 was reached on January 16, 2022, which starkly contrasts its current price and indicates substantial long-term devaluation. The current technical indicators and price action suggest a bearish market sentiment, and unless significant positive catalysts emerge, further downside risk remains.

Given the current technical analysis and market conditions, I rate NEAR as a Sell. The sharp decline in price, weak RSI levels, and consistent bearish moving averages indicate that the asset is likely to face further challenges in recovering in the short to medium term.