NEAR Protocol (NEAR) is currently trading at $1.87, reflecting a 24-hour decline of 3.96%. The price has hovered between a 24-hour high of $1.95 and a low of $1.87, indicating minimal volatility with a daily range of just 0.08%.

The trading volume stands at approximately 132.81 million, contributing to a market cap volume ratio of 5.52%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages are all below the current price, with the 8, 13, and 21 SMA showing declines of around 2.89% to 3.15%, indicating bearish momentum in the immediate term.

The Relative Strength Index (RSI) at the hourly level is at 30, which suggests that NEAR is currently oversold, potentially setting the stage for a corrective bounce. However, the 7-day RSI at 50 indicates that the medium-term trend is neutral, while the 14-day and 30-day price changes of -22.74% and -16.30% respectively signal a sustained bearish trend.

Historically, NEAR reached an all-time high of $20.44 in January 2022, highlighting significant long-term potential but also underscoring the substantial losses from its peak. The recent price action and technical indicators suggest that NEAR is struggling to regain upward momentum, with consistent downward pressure evident across multiple time frames.

Based on this analysis, the current outlook for NEAR Protocol is a Hold rating. While the oversold RSI indicates a potential for short-term recovery, the overarching bearish trend and declining moving averages suggest caution. Investors should monitor for signs of a reversal before considering a position, as the market sentiment remains weak in the near term.