NEAR Protocol (NEAR) Down 0.04% Saturday: What's Next?

Saturday, December 30, 2023 09:52 AM | InvestorsObserver Analysts

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has declined 3.53% to $3.73.

InvestorsObserver is giving NEAR Protocol a 51 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

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Moderately Volatile

InvestorsObserver gives NEAR Protocol a moderate volatility rank of 51, placing it in the top 49% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 $3.45 and resistance near $3.86. 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.