NEAR Protocol (NEAR) is currently priced at $1.011, reflecting a 24-hour decline of 5.46%. The daily trading range has been limited, with a high of $1.072 and a low matching the current price, indicating weak buyer interest and a lack of volatility.

Trading volume over the last 24 hours is 102,608,362, which gives a volume-to-market cap ratio of 7.88%. This relatively low ratio suggests a lack of significant market participation, reinforcing the bearish sentiment evident in the price action.

Technical indicators show that NEAR is trading below its short-term moving averages, with the 8 SMA at $1.04 and the 13 SMA at $1.04, both indicating negative momentum of about 2.79% to 2.93%. The longer-term moving averages, such as the 55 SMA at $1.06 and the 144 SMA at $1.09, also confirm downward pressure with declines of 4.88% and 7.61%, respectively.

The 1-hour RSI is at 39, signaling that NEAR is approaching oversold conditions, but the 7-day RSI of 44 indicates continued weakness without clear reversal signals. Additionally, the 7-day, 14-day, and 30-day price changes show significant losses of approximately 13.69%, 30.94%, and 40.51%, respectively, highlighting a sustained downward trend.

Given the lack of bullish momentum and the presence of consistent negative price changes, the outlook for NEAR remains bearish. The price is currently hovering near a critical support level, but without a substantial increase in volume or positive price action, a rebound seems unlikely in the immediate term.

Considering the technical indicators, the prevailing downtrend, and the overall market sentiment, I recommend a Sell rating for NEAR Protocol. Investors should consider exiting positions to mitigate losses until clearer bullish signals emerge.