NEAR Protocol (NEAR) is currently trading at $1.82, reflecting a notable 9.76% increase over the last 24 hours. The price movement has been supported by a daily trading volume of approximately $281.5 million, representing 12.06% of its market cap, indicating robust market interest.

The 24-hour price range saw a high of $1.83 and a low of $1.66, suggesting a relatively tight daily range of 0.17%. Moving averages reveal a bullish short-term trend, with the 8 SMA at $1.81 showing a positive change of 0.42%, while longer-term averages like the 21 SMA at $1.74 indicate an upward trajectory of 4.71%.

The 1-hour RSI is currently at 76, signaling potential overbought conditions, while the 7-day RSI sits at 46, indicating a neutral stance. Despite the current surge, NEAR has experienced a price decline of approximately 2.90% over the past week and is down 19.42% over the last 14 days, highlighting volatility and short-term weakness.

NEAR's all-time high stands at $20.44, recorded in January 2022, which emphasizes the significant distance the asset has to recover its previous highs. The current market conditions, alongside the relatively high RSI and recent price declines, suggest that the recent spike may face resistance in maintaining momentum.

Considering the technical indicators, market sentiment, and the recent price fluctuations, I recommend a Hold rating for NEAR Protocol. This stance allows investors to monitor further developments, as the asset has shown potential but also exhibits signs of overextension in the short term.