NEAR Protocol (NEAR) is currently priced at $2.45, experiencing a 24-hour decline of 4.56%. The daily trading range has been tight, with a high of $2.57 and a low of $2.43, indicating limited volatility amidst the downward pressure.

The volume stands at 141,591,152, contributing to a volume-to-market cap ratio of 4.73%. This relatively low ratio suggests that the market may be consolidating, as trading activity is not significantly impacting the price direction.

From a technical perspective, the short-term moving averages indicate a bearish trend, with the 8 SMA at $2.49 reflecting a decline of 1.42%. Additionally, the 1-hour RSI at 32 signals oversold conditions, which could prompt a potential rebound, but the 7-day RSI of 45 indicates a lack of momentum to sustain upward movement.

Over the past week, NEAR has declined by approximately 17.73%, while the 14-day price change shows a decrease of 15.56%. Contrastingly, the 30-day price change is positive at 5.79%, suggesting some level of support may be forming, albeit at a lower price level.

Considering the significant distance from its all-time high of $20.44, established on January 16, 2022, the current price reflects a drastic downtrend. The market sentiment appears bearish in the short term, as indicated by the declining moving averages and RSI metrics.

In conclusion, given the technical indicators, price action, and market sentiment, a Sell rating is warranted. The persistent downtrend and lack of bullish momentum suggest further downside potential, making it prudent to exit positions until clearer signs of recovery emerge.