NEAR Protocol (NEAR) is currently priced at $1.09, reflecting a significant 6.66% increase over the past 24 hours. The asset has seen a daily trading range of $0.078, with a high of $1.097 and a low of $1.019, indicating a relatively stable price movement within this range.

The trading volume over the last 24 hours stands at approximately 146.59 million, representing 10.44% of the market capitalization, suggesting healthy trading activity and liquidity. Short-term moving averages (SMA) show positive momentum, with the 8 SMA at $1.06 (+2.97%) and the 13 SMA at $1.05 (+3.96%), indicating upward pressure on the price.

The 1-hour RSI is at 85, suggesting that NEAR is currently overbought in the short term, which may lead to a pullback soon. However, the 7-day RSI at 53 indicates that the asset is relatively balanced, neither overbought nor oversold, reflecting a neutral trend over the past week.

From a longer-term perspective, NEAR has decreased by 36.75% over the last 30 days, which raises concerns about overall market sentiment. Despite this, the 7-day price change shows a slight recovery of approximately 1.22%, hinting at potential stabilization in the near term.

Given the substantial overbought condition indicated by the 1-hour RSI and the longer-term downtrend, caution is warranted. While the recent uptick suggests some bullish sentiment, the risk of a correction remains high.

Overall, the recommendation for NEAR Protocol is to Hold. This rating is based on the combination of strong short-term momentum tempered by long-term declines, suggesting that investors should watch for further developments before making any new investments.