NEAR Protocol Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
NEAR Protocol (CRYPTO: NEAR) has seen a 6.8% price drop in the last 24 hours, continuing a negative trend with a 2.0% loss over the past week. The trading volume decreased by 31.0%, while the circulating supply slightly increased by 0.13%, leading to a current market cap ranking of #19 at $7.30 billion.
April 29, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
NEAR Protocol experienced a 6.8% price decrease over the last 24 hours, with a 2.0% loss over the week. The trading volume has decreased significantly, while the circulating supply has marginally increased.
The significant price drop of NEAR Protocol, coupled with a decrease in trading volume, indicates a bearish sentiment among investors. The slight increase in circulating supply may have contributed to the price pressure. Given these factors, the short-term outlook for NEARUSD appears negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100