NEAR Protocol is currently trading at $2.21, reflecting a 24-hour decline of approximately 4.84%. The price has fluctuated between a daily high of $2.37 and a low of $2.19, indicating a relatively tight trading range of 0.18%, which suggests low volatility.

The trading volume over the last 24 hours is approximately 248.7 million NEAR, representing about 9.02% of the market cap. The moving averages are all trending downward, with the 8 SMA at $2.24 showing a decrease of 1.12% and the longer-term 144 SMA at $2.41 reflecting an 8.36% decline, indicating bearish momentum in the short to medium term.

The 1-hour RSI stands at 29, indicating that NEAR is nearing oversold conditions, which may suggest a potential reversal. However, the 7-day RSI at 47 shows that momentum is still weak, reinforcing the prevailing downtrend over the past week with a price drop of nearly 24%.

From a longer-term perspective, NEAR has experienced significant price declines, with a 14-day change of approximately -25.71% and a 30-day change of -18.88%. This underperformance is stark when compared to its all-time high of $20.44, achieved in January 2022, highlighting the steep decline and loss of investor confidence.

Given the current bearish indicators across multiple time frames, coupled with a lack of strong support levels, the outlook for NEAR remains negative. Therefore, a cautious approach is warranted, and I recommend a Sell rating due to the sustained downtrend and lack of bullish momentum signals.