NEAR Protocol (NEAR) is currently trading at $1.85, experiencing a slight decline of 1.13% over the past 24 hours. The daily trading range is tight, with a high of $1.90 and a low of $1.85, indicating low volatility in the short term.

The trading volume over the last 24 hours is approximately 104.5 million, representing a volume-to-market cap ratio of 4.41%. This suggests moderate liquidity, but the current price is struggling below key moving averages, with the 8, 13, and 21-period SMAs all at $1.88 and showing negative trends.

The hourly Relative Strength Index (RSI) is at 38, indicating that NEAR is nearing oversold territory in the short term, while the 7-day RSI is neutral at 50. However, the 14-day and 30-day price changes are concerning, with declines of 25.19% and 11.11%, respectively, suggesting a longer-term downtrend.

In light of these metrics, NEAR's price remains significantly below its all-time high of $20.44, reflecting a substantial loss in value. The overall market sentiment is cautious, with short-term indicators suggesting potential for a minor rebound, but longer-term trends remain bearish.

Considering the current technical indicators, including the negative moving averages and downward price trends, the recommendation is to Hold. This strategy allows investors to assess for potential price stabilization before making further investment decisions, as a clear reversal signal is yet to emerge.