Crypto News – In comparison to other cryptocurrencies, the volatility of the NEAR Protocol (NEAR crypto) has been comparatively average. On Sunday, the price had gone up 2.70% to $3.72 so far.
NEAR Crypto Up 2.5% But High Volatility Persists
NEAR Protocol (NEAR) has a medium-risk ranking, according to InvestorsObserver. Accordingly, the value of the NEAR Protocol that is being traded determines how quickly the price of the cryptocurrency can fluctuate. A medium rank indicates that there is still a lot of price fluctuation. Big moves will probably result in a rise in interest in trading the NEAR Protocol. However, price manipulation is less likely to occur.
NEAR Has a Medium Risk, InvestorsObserver Says
With a moderate volatility value of 51 from InvestorsObserver, NEAR Protocol is ranked in the top 49% of cryptocurrencies available. As per the analysis conducted by the Volatility Gauge, it can be inferred that the rank is indicative of its recent trends and is not significantly impacted by an abrupt increase or decrease in volatility. The Risk/Reward Gauge‘s low reading corresponds with NEAR’s moderate volatility reading. The coin is thus well-insulated from price manipulation and experiences only mild price movements.
In the long run, NEAR Protocol pricing is well positioned. Resistance is close to $3.86, while support is at $3.45. NEAR Protocol will have more time to grow before sales pressures arise as a result.
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