NEAR Protocol (NEAR) Rises 6.56%, Outperforms the Crypto Market Friday

Friday, December 10, 2021 06:39 PM | InvestorsObserver Analysts

NEAR Protocol (NEAR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Distributed Software Platform has added 6.56% to $10.21.

InvestorsObserver is giving NEAR Protocol a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

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Low Volatility

InvestorsObserver gives NEAR Protocol a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. NEAR's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

NEAR Protocol price is trading above resistance. With support around $9 and resistance set at $10.11. This leaves NEAR Protocol out of range and potentially in a volatile position if the rally burns out.

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.