NEAR Protocol (NEAR) is currently trading at $1.81, reflecting a 24-hour change of -3.71%. The daily price range has been relatively tight, with a high of $1.90 and a low of $1.80, indicating limited volatility in the short term.

The trading volume of approximately $289.44 million suggests a significant level of market activity, but the volume to market cap ratio of 12.50% indicates that the current trading volume is modest relative to the overall market capitalization. Short-term moving averages indicate a bearish sentiment, with the 8, 13, and 21-period SMAs all showing declines, particularly the 55 SMA, which has dropped by 8.63%.

The relative strength index (RSI) values reinforce a bearish outlook, with a 1-hour RSI of 33 signaling potential oversold conditions, while the 7-day RSI at 43 indicates a lack of upward momentum. Moreover, the price has experienced significant declines over various time frames, with a 7-day change of -26.78% and a 14-day change of -35.32%, suggesting persistent selling pressure.

With NEAR's all-time high at $20.44, the current price reflects a significant drawdown, highlighting the potential for recovery but also underscoring the risks of entering a downtrend. The ongoing negative price changes combined with bearish moving averages suggest that a rebound may not be imminent.

Given the current technical indicators and negative price momentum, the recommendation for NEAR Protocol is to Hold. This approach allows investors to assess if the asset can stabilize and recover, rather than adding exposure in a declining market.