NEAR Protocol (NEAR) Falls 0.13%, Underperforms the Crypto Market Friday

Friday, January 21, 2022 07:26 AM | InvestorsObserver Analysts

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has lost 13.45% to $14.24.

InvestorsObserver is giving NEAR Protocol a 41 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 41, placing it in the bottom 41% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. 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 favorably positioned going forward. With support near $12.68 and resistance around $14.96. 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.