NEAR Protocol (NEAR) is currently trading at $1.11, reflecting a significant 24-hour decline of 10.03%. The price has fluctuated between a high of $1.25 and a low of $1.088 in the last 24 hours, indicating increased volatility, with a daily range of 0.162%.

Trading volume stands at approximately 249 million NEAR, representing 17.44% of its market cap, which indicates healthy trading activity despite the price drop. The hourly moving averages reveal a bearish trend, with the 8 SMA at $1.12 down 0.93% and the 13 SMA at $1.13 down 1.48%, suggesting short-term selling pressure.

The 1-hour Relative Strength Index (RSI) is at 36, indicating that NEAR is approaching oversold territory, which may suggest a potential rebound soon. In contrast, the 7-day RSI at 53 shows a more neutral stance, while the 14-day price change of 18.06% indicates some recent recovery from a longer-term downturn.

Over the past 30 days, NEAR has experienced a price decline of approximately 25.72%, suggesting bearish sentiment in the longer term. However, the recent 7-day price change of 11.17% hints at a short-term recovery phase, which could attract buyers looking for value after the recent drop.

NEAR's all-time high of $20.44 reached in January 2022 underscores its potential for recovery, but the current price level shows a significant disconnect from this peak. Investors should monitor technical indicators closely, as the current support levels around $1.07 and $1.04 (55 SMA and 144 SMA) could provide a base for a potential bounce.

Given the recent price action, mixed signals from the moving averages, and the oversold conditions indicated by the hourly RSI, the recommendation for NEAR Protocol is to **Hold**. This rating reflects the potential for a short-term recovery while also recognizing the longer-term bearish trend, allowing investors to reassess their positions as market conditions evolve.