Cryptocurrency NEAR Protocol Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a price decrease of 3.53% in the last 24 hours, now at $3.24, despite a weekly uptrend of 4.0%. The volatility is depicted through Bollinger Bands in the provided chart. Trading volume has dropped by 35.0%, while circulating supply increased by 0.21%, reaching 1.02 billion. NEAR's market cap is currently ranked #30, valued at $3.30 billion.
January 16, 2024 | 7:01 pm
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NEAR Protocol's price drop of 3.53% to $3.24, alongside a 35% decrease in trading volume, indicates a short-term bearish sentiment, despite a recent weekly uptrend.
The price decrease of NEAR Protocol, coupled with a significant drop in trading volume, suggests a potential bearish outlook in the short term. However, the recent weekly uptrend and increase in circulating supply may mitigate the impact. The market cap ranking provides context but does not directly influence short-term price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100