NEAR Protocol (NEAR) is currently trading at $1.009, reflecting a 24-hour decline of approximately 2%. The asset has seen a daily range between $0.97698 and $1.029, with a trading volume of around $99.5 million, indicating a volume-to-market cap ratio of 7.65%.

Technical indicators show mixed signals, with the 1-hour RSI at 45 and the 7-day RSI at 47, suggesting NEAR is currently in a neutral position. The short-term moving averages indicate slight bullish momentum, particularly the 8 SMA at $0.9969, but longer-term averages, such as the 55 SMA at $1.04, are bearish, indicating downward pressure over the past weeks.

Fundamentally, NEAR has experienced a significant drop of 33.19% over the past 30 days, signaling weakening investor sentiment. The 14-day price change shows a slight recovery of 0.15%, yet the 7-day trend remains negative, highlighting potential ongoing selling pressure.

Given the current price action, mixed technical indicators, and negative momentum in the broader market context, a cautious approach is warranted. The asset is trading well below its all-time high of $20.44, which underscores its current undervaluation but also the challenges it faces to regain bullish momentum.

Considering these factors, I recommend a Hold rating for NEAR Protocol at this time. The lack of strong bullish indicators combined with the recent downward trend suggests that investors should wait for clearer signs of reversal before committing additional capital.