$NEAR NEAR Protocol Price Analysis

Last week, NEAR Protocol (NEAR) encountered selling pressure, dropping to $2.37 on Monday, June 2, before rebounding to close at $2.50, reflecting a weekly gain. A slight decline followed on Tuesday, with a further 2.46% drop on Wednesday, settling at $2.44. Thursday saw intensified selling, with NEAR plummeting nearly 8% to $2.25. The price recovered on Friday, gaining over 3% to reach $2.32.

On Saturday, NEAR rose over 4% to $2.42, but a minor decline on Sunday closed the weekend bearishly. This week started strongly, with a 5% surge on Monday, reclaiming $2.50 and settling at $2.54. Tuesday’s 4.43% increase pushed the price above the 20-day SMA to $2.65. Bearish sentiment on Wednesday halted progress below the 50-day SMA, resulting in a 3% drop to $2.57. Selling intensified on Thursday, with an 8% decline below the 20-day SMA to $2.23. As of now, NEAR trades around $2.23, down nearly 6%.