NEAR Protocol (NEAR) is currently priced at $1.016, reflecting a 24-hour decrease of approximately 2.97%. The daily trading range is tight, with a high of $1.063 and a low of $1.005, indicating limited volatility amid a declining price trend.

The volume over the past 24 hours stands at 119,376,337, representing 9.12% of the market cap, which may suggest a stable interest in trading NEAR despite recent price declines. The hourly moving averages indicate bearish momentum, with all significant SMAs showing negative percentages, particularly the 55 SMA at -2.81%.

Technical indicators reveal that the 1-hour RSI is at 30, indicating oversold conditions, while the 7-day RSI at 53 shows a neutral position. Over the past week, NEAR has experienced a price increase of 4.58%, but it has suffered a more significant decline of 11.83% over the past 14 days and a steep drop of 36.29% over the last 30 days, signaling a bearish trend in the medium to long term.

From a fundamental perspective, NEAR's all-time high of $20.44, reached in January 2022, suggests substantial long-term potential; however, the current price reflects a significant depreciation from that peak. Given the current market conditions, including the recent price action, volume metrics, and bearish technical indicators, it is advisable to adopt a cautious stance.

Considering the oversold RSI and the potential for a short-term rebound, NEAR is rated as a Hold for now. This rating reflects the possibility of a price recovery while acknowledging the longer-term bearish trend and the need for further confirmation before making a Buy decision.