Analyst: God Candle Loading for Ethereum Competitor, Outlook Revealed

In the world of cryptocurrency, one analyst is feeling extremely optimistic about a lesser-known player in the market. Known as Bluntz, this expert has a following of 300,000 on social media platform X, where he recently shared some bullish predictions about Near Protocol (NEAR).

Bluntz believes that NEAR is poised for a significant upward move, with what he calls a “god candle loading” on the horizon. He points to a retest of a major breakout for NEAR’s USD pair and a potential breakout for its BTC pair as positive indicators.

Currently trading at $6.70, NEAR has seen impressive gains of nearly 9.5% in the past 24 hours and over 22% in the past week. Bluntz is not only excited about NEAR but also sees potential in the broader altcoin sector.

According to Bluntz, altcoins are holding up well, and he anticipates many of them will see significant growth once Bitcoin starts to gain momentum. In Bluntz’s view, alt Layer 1 projects and meme coins are the ones to watch.

In addition to his positive outlook on NEAR and altcoins, Bluntz has also been tracking Dogecoin (DOGE). He recently shared a chart suggesting that DOGE could reach above $1 in its current wave cycle. While DOGE is currently trading around $0.40, Bluntz sees significant upside potential for the popular meme coin.

Bluntz bases his analysis on the Elliott Wave theory, which predicts that assets follow a pattern of five-wave surges before undergoing a corrective phase. By applying this theory, Bluntz sees the potential for DOGE to continue its upward trajectory.

While it’s essential to keep in mind that all investments come with risks, Bluntz’s insights offer a unique perspective on the cryptocurrency market. As always, it’s crucial for investors to do their own research and consider their risk tolerance before making any investment decisions.