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NEAR Protocol (NEAR) Up 0.03% Monday: What's Next?

Monday, February 06, 2023 11:58 AM | InvestorsObserver Analysts
NEAR Protocol (NEAR) Up 0.03% Monday: What's Next?

NEAR Protocol (NEAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has gained 0.03% to $2.38.

volatility - 48
InvestorsObserver is giving NEAR Protocol a 48 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

Moderately Volatile

InvestorsObserver gives NEAR Protocol a moderate volatility rank of 48, placing it in the bottom 48% of cryptos on the market.

The Volatility Gauge tracks 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 in a favorable position going forward. With support near $2.3 and resistance set at $2.51. This leaves 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.

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