NEAR Protocol (NEAR) Rises 4.21%, Outperforms the Crypto Market Monday

The NEAR (NEAR) protocol has been relatively average in terms of volatility when compared to other cryptocurrencies. So far on Monday, the distributed software platform is up 4.21% to $14.77.

Investors The NEAR protocol gives a fluctuation rank of 33. Find out what this means for you and get the rest of the ratings on the NEAR protocol!

moderately volatile

Investors The NEAR protocol gives an average volatility rating of 33, which puts it in the lowest 33% of cryptocurrencies in the market.

The volatility meter takes into account that this makes its score specific to recent trends, not a bad day. The NEAR moderate volatility reading is paired with a low reading on the risk/reward scale, which means that the currency has moderate price volatility and is well protected from price gouging.

The price of the NEAR protocol is trading above the resistance level. With support near $13.45 and resistance around $14.59. This puts the NEAR protocol out of range and potentially in flux if the race stops.

What is the currency?

A coin is a cryptocurrency that is on its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.