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NEAR Protocol (NEAR) Down 0.01% Tuesday: What's Next?

Tuesday, December 27, 2022 05:03 PM | InvestorsObserver Analysts
NEAR Protocol (NEAR) Down 0.01% Tuesday: What's Next?

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has dropped 0.57% to $1.35.

volatility - 39
InvestorsObserver is giving NEAR Protocol a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

Moderately Volatile

InvestorsObserver gives NEAR Protocol a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. NEAR's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

NEAR Protocol price is well positioned going forward. With support set at $1.33 and resistance around $1.36. This positions NEAR Protocol with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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