Crypto Trader Shares Positive Outlook on Near Protocol

Crypto Trader Expects Positive Prospects for Near Protocol

A renowned crypto trader has expressed optimism for Near Protocol (NEAR), a challenger to Ethereum (ETH). On the social media platform X, analyst Bluntz disclosed to his 300,000 followers that "a 'god candle' is forming for the layer-1 blockchain project Near Protocol."

Altcoin Market Overview

At the time of writing, NEAR Protocol traded at $6.70. This cryptocurrency, ranked 24th by market capitalization, has experienced an approximate 9.5% surge in the past 24 hours and 22% over the past week.

Bluntz anticipates continued growth in the altcoin sector. He commented, "Altcoins have performed well recently. With the increase in BTC, I expect significant gains in many altcoins this week."

Bluntz's Insights

Bluntz observed, "The USD pair is attempting to break out again, and the BTC pair is poised to reverse a significant downtrend."

Dogecoin's Future

The analyst forecasted that Dogecoin (DOGE) would soon exit its corrective stage. Applying Elliott Wave theory, Bluntz suggested that DOGE could potentially trade above $1.

Bluntz stated, "I believe the current wave four of DOGE has concluded. I anticipate that it will not reach profit-taking levels until it reaches at least $1."

Conclusion

The crypto market exhibits positive expectations for altcoins like NEAR Protocol and DOGE. Traders may use Bluntz's analysis to inform their market strategies.