NEAR Protocol (NEAR) is currently priced at $1.029, reflecting a 24-hour decline of 2.83%. The daily trading range is minimal, with a high of $1.11 and a low matching the current price, indicating a lack of volatility and trader enthusiasm in the short term.

Volume over the past 24 hours stands at approximately 124.97 million, which represents 9.42% of the market cap, suggesting that trading activity is relatively high compared to the market cap. The moving averages indicate bearish momentum, with the 8 SMA at $1.05 showing a decline of 2.44% and the longer-term 144 SMA at $1.04 reflecting a decrease of 0.95%.

The Relative Strength Index (RSI) at 14 for the hourly period indicates severe oversold conditions, while the 7-day RSI at 48 points to a neutral sentiment. The price has decreased by over 32.58% in the last 30 days, highlighting a significant bearish trend that could continue if selling pressure persists.

Fundamentally, NEAR's all-time high of $20.44 remains a distant target, suggesting that investor sentiment is currently weak. The recent price movements, coupled with a high percentage of volume relative to market cap, indicate that traders are likely cautious and may be waiting for clearer signals before committing to positions.

Based on the current analysis, NEAR is rated as a Sell. The lack of upward momentum, severe oversold conditions, and a consistent downtrend across multiple time frames suggest that further declines may occur before a potential reversal. It is advisable for traders to exit positions until clearer bullish signals emerge.