Cryptocurrency NEAR Protocol Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) experienced a 6.48% price drop in the last 24 hours, continuing a week-long negative trend. Despite this, its trading volume has increased by 12%, and the circulating supply has risen by 1.89% to 1.06 billion. NEAR's market cap ranking is now #22 at $7.26 billion.
April 10, 2024 | 3:02 pm
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NEGATIVE IMPACT
NEAR Protocol's price dropped by 6.48% in the last 24 hours, marking a continuation of its negative trend over the past week. The trading volume and circulating supply have increased.
The significant price drop of 6.48% in the last 24 hours, coupled with a week-long negative trend, suggests a bearish outlook for NEAR Protocol in the short term. However, the increase in trading volume and circulating supply indicates growing interest and could mitigate some downward pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100