Near Protocol's Price Volatility Continues Amid Bearish Pressure

Near Protocol's (NEAR) price has been experiencing volatility in recent days, with its value fluctuating around the $1 support level. According to technical analysis, the cryptocurrency is facing continued bearish pressure, as indicated by the Relative Strength Index (RSI) and Moving Average (MA) Ribbon.

The RSI is currently at 35.21, below the signal line of 37.91, suggesting that buyers have not taken control of the market. The MA Ribbon further emphasizes the downtrend, with the 20-week moving average at $1.70 and the 50-week moving average at $2.21.

Despite these indicators, a potential move towards the $1.40-$1.44 resistance zone is possible if the current support holds. This scenario would suggest that investors are waiting to see how the price action unfolds in the coming days to assess the situation.