NEAR Protocol (NEAR) is currently trading at $1.90, reflecting a 24-hour change of -2.99%. The daily range has been relatively narrow, with a high of $1.96 and a low of $1.83, indicating a market in a consolidation phase.

The trading volume stands at approximately 265.74 million, representing 10.93% of the market cap, which suggests moderate trading activity. Technical indicators show short-term moving averages (8 SMA at $1.86 and 13 SMA at $1.86) are slightly bullish, while the longer-term moving averages (144 SMA at $1.96) reflect bearish momentum.

The 1-hour RSI is neutral at 50, indicating a lack of momentum in either direction. In contrast, the 7-day RSI is at 42, signaling oversold conditions, and the 7-day price change has been steeply negative at -18.28%, along with the 14-day and 30-day changes of -27.64% and -19.08% respectively.

Given that NEAR has significantly retraced from its all-time high of $20.44, the current price level appears to be a key support zone. However, the downward pressure in the short and mid-term, coupled with the current RSI values, suggests a potential for further downside before a reversal might occur.

In conclusion, the technical indicators and price trends indicate a bearish outlook in the short term. Therefore, the recommendation is to Hold NEAR, as the market may stabilize before any potential upward movement, but caution is advised due to the prevailing negative momentum.