NEAR Protocol (NEAR) Falls 0.05%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 07:32 AM | InvestorsObserver Analysts

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has lost 5.49% to $7.32.

InvestorsObserver is giving NEAR Protocol a 50 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 50, placing it in the top 50% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. NEAR's moderate volatility reading is coupled 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 at $6.73 and resistance around $7.51. This leaves 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.