NEAR Protocol (NEAR) Falls 0.03%, Underperforms the Crypto Market Sunday

Sunday, March 19, 2023 10:28 AM | InvestorsObserver Analysts

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has declined 2.58% to $2.13.

InvestorsObserver is giving NEAR Protocol a 45 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 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support around $2.03 and resistance set at $2.17. This positions NEAR Protocol with potential selling pressures ahead as it may be getting over extended.

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.