NEAR Protocol (NEAR) is currently priced at $1.61, reflecting a significant 24-hour decline of 13.66%. The trading volume of 244,693,859 indicates a heightened level of activity, but the Vol/Market Cap ratio of 11.91% suggests that this recent decline may be influenced by selling pressure rather than increased buying interest.

Technically, NEAR is exhibiting bearish momentum as indicated by the hourly moving averages, with all significant SMAs (8, 13, 21, 55, and 144) showing negative trends. The 1-hour RSI is critically low at 19, indicating oversold conditions, while the 7-day RSI at 39 signals potential weakness in the price momentum over the week.

Fundamentally, NEAR has witnessed a drastic price change over various time frames, with 14-day and 30-day price changes of -28.69% and -25.77%, respectively. The stark contrast between the current price and the all-time high of $20.44, achieved in January 2022, highlights the extensive devaluation and ongoing market challenges.

Given the current price action, NEAR is experiencing significant selling pressure, and the technical indicators suggest that a recovery is not imminent. The low RSI levels and negative price movements over the last few weeks reinforce the potential for further declines in the short term.

In conclusion, a Sell rating is warranted based on the current analysis. The persistent downtrend, coupled with bearish momentum indicators and oversold conditions, suggests that investors should consider exiting their positions to minimize potential losses.