NEAR Protocol (NEAR) is currently trading at $0.9577, reflecting a 24-hour change of -3.87%. The price movement has been characterized by a daily high of $1.006 and a low of $0.9584, indicating a tight range of $0.0476, which suggests a bearish sentiment in the short term.

Trading volume stands at approximately 150.25 million, with a volume-to-market cap ratio of 12.17%, indicating moderate interest in trading activity. The hourly moving averages are all showing downward trends, with the 8 SMA at $0.9892 down 3.19% and the 55 SMA at $1.01 down 5.17%, reinforcing a bearish outlook for NEAR.

The 1-hour RSI is significantly low at 21, indicating that NEAR is in oversold territory, which could lead to a potential short-term rebound. Conversely, the 7-day RSI at 44 suggests a lack of bullish momentum, with a notable decline of 19.53% over the past week, further confirming a weak market position.

Looking at the longer-term trends, NEAR has experienced a staggering 35.48% drop over the past 14 days and a 44.72% decrease over the last 30 days, indicating significant bearish pressure. Additionally, the all-time high of $20.44 from January 2022 serves as a stark reminder of the current price's distance from peak performance.

Considering the technical indicators and the recent price action, the recommendation for NEAR Protocol is to Hold. While the oversold conditions may present a short-term buying opportunity, the overall downward trend and lack of positive momentum in the medium term suggest caution before committing to any new positions.