NEAR Protocol (NEAR) is currently trading at $1.37, reflecting a 24-hour price decline of 6.11%. The trading range has been tight, with a high of $1.50 and a low of $1.36, suggesting a bearish sentiment as the price approaches the lower bound of this range.

The volume of 158,919,498 indicates a market cap volatility of 9.05%, which may imply active trading but also a lack of strong buying pressure. The moving averages are all trending downward, with the 8 SMA at $1.44 and the 144 SMA at $1.48, further confirming the prevailing bearish trend.

Short-term indicators like the 1-hour RSI at 12 indicate that NEAR is heavily oversold, suggesting potential for a short-term rebound. However, the 7-day RSI at 43 reflects weakening momentum, indicating that a sustained recovery might still be distant.

In the past week, NEAR has dropped by approximately 9.12%, and over the last 30 days, the decline is about 11.29%. Given the significant drop from its all-time high of $20.44, the current price level still shows a substantial downside risk, compounded by the negative trends in both the short and medium-term price movements.

Considering the technical indicators and recent performance, the recommendation is to Hold NEAR Protocol. While there may be potential for a short-term bounce due to oversold conditions, the overall bearish trend and lack of significant buying volume suggest caution before taking a more aggressive position.