Crypto Analyst Foresees Boom in Ethereum Rival NEAR, Solana's 'Holy Trinity', and Market Rally

Crypto analyst Bluntz predicts a "turbo send" for NEAR Protocol (NEAR), a rival to Ethereum, suggesting a potential surge past $10.50. He also highlights the "holy trinity" of Solana-based altcoins: Pyth Network (PYTH), Jito (JTO), and Jupiter (JUP), citing their impressive market performance. Bluntz anticipates a broader crypto market rebound due to the absence of upwicks on long-term candles, indicating a strong rally once bearish traders are flushed out.

Crypto Analyst Predicts Surge in Ethereum Rival NEAR, 'Holy Trinity' of Solana Altcoins, and Overall Market Rebound

A seasoned crypto trader has issued bullish predictions for the Ethereum rival NEAR Protocol and a trio of Solana-based altcoins, while also anticipating a broader market upswing.

NEAR Protocol Primed for 'Turbo Send'

Pseudonymous crypto analyst Bluntz, known for his keen insights, has identified NEAR Protocol (NEAR) as poised for significant growth. In a chart shared with his sizable following on social media, Bluntz highlights technical indicators suggesting NEAR could potentially surpass the $10.50 resistance level.

At the time of writing, NEAR is trading at $6.67, having gained approximately 7% in the preceding 24 hours.

'Holy Trinity' of Solana Altcoins

Bluntz has also singled out three Solana-based altcoins that he believes have strong potential: Pyth Network (PYTH), Jito (JTO), and Jupiter (JUP). These projects, collectively referred to as the "holy trinity," are associated with oracle solutions, decentralized finance (DeFi), and decentralized exchange (DEX) aggregation, respectively.

According to Bluntz, all three altcoins are exhibiting positive technical patterns.

PYTH, which provides oracle data feeds to decentralized applications, is currently trading at $0.877. It has experienced a 4% increase in value over the past day.

JTO, a DeFi protocol, is ranked 159th in market capitalization. Its price has surged by more than 19% within the last 24 hours, reaching $5.11.

JUP, a DEX aggregator, has climbed by over 11% in the past day. It is currently valued at $1.68, placing it 55th in terms of market capitalization.

Overall Market Rebound Anticipated

Beyond these specific predictions, Bluntz also anticipates an overall resurgence in the cryptocurrency market. He notes that technical indicators on weekly, monthly, and quarterly charts indicate a period of consolidation before a potential upward movement.

"No upwicks on the weekly, monthly or quarterly candles. We're gonna run it back so hard once enough of the degens get flushed out," Bluntz stated.

Disclaimer:

This article is intended for informational purposes only and should not be construed as investment advice. Readers are advised to conduct their own research and consult with qualified professionals before making any financial decisions.