NEAR Protocol is currently trading at $1.048, reflecting a slight 24-hour increase of 0.98664%. The daily price range has been relatively narrow, fluctuating between a low of $1.029 and a high of $1.07, indicating some consolidation around the current price point.

Volume has been strong at approximately 151.55 million, representing 11.23% of the market cap, suggesting a healthy level of trading activity. The hourly moving averages indicate mixed signals, with the 8 and 13 SMA showing slight bullish momentum, while the 21 and 55 SMA suggest potential bearish pressure, especially with the latter declining by 1.18%.

The 1-hour RSI stands at 47, indicating neutral momentum, while the 7-day RSI at 53 suggests a mild bullish trend over the week. However, the 14-day price change shows a significant decline of 14.57%, and the 30-day price change is even more severe at -41.00%, highlighting a bearish sentiment over the longer term.

Despite recent stabilization, NEAR is still significantly below its all-time high of $20.44, reached in January 2022, signaling a long-term downtrend. The recent positive 7-day price change of 2.80% may suggest a short-term rebound, but the underlying longer-term weakness cannot be ignored.

Based on the current technical indicators and recent price performance, a cautious approach is warranted. Therefore, the recommendation is to Hold, as short-term bullish signals may not be strong enough to negate the bearish trends evident in the longer-term data.