NEAR Protocol is trading at $2.23, marking a 10.

• NEAR Protocol is trading at $2.23, marking a 10.69% daily drop, yet wallet activity remains strong.
• Despite bearish sentiment, long-term projections range widely, from $1.80 to $8.00 by June.
• Analysts note critical support at $2.4398, with divergence between price stagnation and user growth.

NEAR Protocol (NEAR) is trading at $2.23, showing a 10.69% decrease in the last 24 hours. Despite this price dip, trading volume increased sharply, up 61.53% to $255.36 million. NEAR has lost 3.90% over the past week, and is holding around a very important technical price zone.

Crypto analyst stated that, NEAR is potentially oversold at this level, while $2.4398 is termed as critical support. Further bearish price movement can be expected if price breaks below this level, while a bounce could indicate trend change. According to forecast scenarios, NEAR Protocol could be highly volatile, reaching both $1.80 and $8.00 in the next 12 months. NEAR is expected to range between $2.50 for bearish predictions and $5.00 to test $8.00 for bullish expectations.