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

Tuesday, May 17, 2022 04:49 PM | InvestorsObserver Analysts

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has lost 3.45% to $6.38.

InvestorsObserver is giving NEAR Protocol a 55 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 55, placing it in the top 45% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. NEAR's moderate volatility reading comes 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 in a favorable position going forward. With support set at $5.96 and resistance at $6.86. 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.