“God Candle Loading for Ethereum Rival, Analyst Outlook”
A well-known crypto trader is feeling incredibly optimistic about a competitor to Ethereum. Going by the name Bluntz, this analyst has a solid track record and shares insights with a large following on X. According to Bluntz, there’s a major opportunity brewing for Near Protocol (NEAR), a layer-1 blockchain project. He mentioned on social media that a “god candle” is on the horizon for NEAR, hinting at a potentially significant price movement.
Currently, NEAR is trading at $6.70, showing a substantial increase of nearly 9.5% in the last 24 hours and over 22% in the past week. Bluntz is not only enthusiastic about NEAR but also bullish on the overall altcoin sector. In his view, alternative layer-1 projects could be a promising investment choice alongside NEAR.
Bluntz also shared his thoughts on Dogecoin (DOGE), foreseeing the end of its correction phase and a possible surge past $1. Utilizing technical analysis tools like Elliott Wave theory, Bluntz predicts price movements based on historical patterns. For DOGE, he anticipates a rally above $1 before a corrective phase sets in.
While DOGE is currently priced at around $0.40, showing a modest increase of almost 4.5% in the past day, Bluntz remains confident in his price projections. As an enthusiast of altcoins and a keen observer of market trends, Bluntz continues to offer valuable insights to his followers.
Keep an eye on the crypto market for potential exciting developments in NEAR, DOGE, and other altcoins. Stay informed by subscribing to reliable news sources and conducting thorough research before making any investment decisions. Remember to always consider the risks involved in trading cryptocurrencies and seek professional advice if needed.
