NEAR Protocol (NEAR) is currently trading at $1.45, reflecting a 24-hour decline of 3.35%. The daily price range shows a high of $1.51 and a low of $1.41, indicating a relatively narrow trading band of 0.1%, suggesting decreased volatility.

Volume stands at 134,065,365 NEAR, with a volume-to-market cap ratio of 7.18%, indicating moderate trading activity. The short-term moving averages (8 and 13 SMA) show slight bullish momentum at $1.44 with increases of 0.47% and 0.51%, respectively, while the longer-term averages (21, 55, and 144 SMA) are indicating bearish trends with declines ranging from 0.79% to 4.21%.

The 1-hour RSI is at 40, nearing the oversold territory, while the 7-day RSI is at 46, showing a lack of strong bullish momentum. Over the last week, NEAR has dropped by 7.1%, and a more extended view reveals a 14-day decline of approximately 13.81%, suggesting a bearish trend in the medium term.

Despite the current downward pressure, NEAR remains significantly below its all-time high of $20.44, set in January 2022. Market sentiment appears cautious, and with the recent price action failing to break above resistance levels, the outlook remains bearish in the short to medium term.

Given the recent price performance and the bearish indicators, a Hold rating is recommended. This position allows investors to monitor potential reversals while avoiding the risk of entering a declining market.