NEAR Protocol (NEAR) is currently trading at $0.981552, reflecting a 24-hour decline of 5.07%. The daily price range has been relatively narrow, with a high of $1.035 and a low of $0.97698, indicating a market that is currently experiencing volatility but with limited upward momentum.

The trading volume of 89,112,112 suggests moderate market activity, with a volume-to-market cap ratio of 7.04%. This indicates that while there is some liquidity, it may not be enough to sustain a bullish trend in the near term, especially given the current downward pressure on prices.

Analyzing the moving averages reveals a bearish trend, as all short-term SMAs (8, 13, 21, 55) are below the current price and showing declines. The 1-hour RSI is notably low at 24, signaling potential oversold conditions, while the 7-day RSI at 45 indicates a lack of strong momentum in either direction.

From a price performance perspective, NEAR has experienced significant losses over the past 30 days, down approximately 34.72%. The 14-day and 7-day changes also confirm a negative trend, with losses of around 5.63% and 6.22%, respectively, further emphasizing the ongoing bearish sentiment.

Given the current technical indicators, including the weak RSI and downward-moving averages, along with the significant price drop over the last month, the outlook remains negative. The distance from the all-time high of $20.44 underscores the magnitude of the decline and suggests that the asset is far from recovering its previous highs.

Based on this analysis, the recommendation for NEAR Protocol is to Sell. The combination of bearish momentum, oversold conditions without a strong rebound signal, and sustained price weakness supports this decision.