NEAR Protocol (NEAR) Falls 0%, Underperforms the Crypto Market Saturday

Saturday, July 02, 2022 03:05 PM | 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 dropped 0.42% to $3.36.

InvestorsObserver is giving NEAR Protocol a 52 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

See Full Report

Moderately Volatile

InvestorsObserver gives NEAR Protocol a moderate volatility rank of 52, placing it in the top 48% 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 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 favorably positioned going forward. With support near $3.25 and resistance at $3.44. 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.