NEAR Protocol (NEAR) is trading at $3.45, up about 0.7% in the last 24 hours, recovering after dipping to $3.26 during yesterday's sell-off. The bounce follows a broad market slide that pushed $NEAR below its short-term moving average, while hotter US inflation data has revived talk of further Fed rate rises. Traders are also still weighing the governance plan to cut token issuance from 2.5% to 1.6% a year — approved on 2 November but not yet binding, with a Security Council review and a 90-day grace period still ahead. NEAR is still down about 7.6% on the week. To watch: the 200-day average near $3.00 as the next support test, with resistance at $3.63–$3.74; the 14-day RSI near 37.6 is drifting towards oversold.