Crypto Trader Bluntz Is Extremely Bullish on Ethereum (ETH) Rival Near Protocol (NEAR)

The latest statements of Bluntz, a popular cryptocurrency analyst, have attracted attention. Altcoin investors, in particular, are paying attention to the analyst's expectations.

A popular cryptocurrency analyst has shared his latest statements, which are being closely followed especially by altcoin investors. Because Bluntz shared a bullish expectation for NEAR, a competitor of the leading altcoin Ethereum (ETH). Moreover, the analyst claims that a “god candle” is “loading” for the NEAR coin. Meanwhile, NEAR is on the agenda with a 10 percent increase. Here are all the details…

Crypto trader is keeping an eye on the Ethereum competitor

A top crypto trader is putting a spotlight on a rival to Ethereum (ETH) with great optimism. The pseudonymous analyst, who goes by the handle Bluntz, has 300,000 followers on the social media platform X, where he shared his latest analysis. According to Bluntz, a “god candle” is preparing to propel the layer-1 blockchain project Near Protocol (NEAR). NEAR is currently valued at $6.70. The 24th-ranked cryptocurrency by market capitalization has risen around 9.5 percent in the last 24 hours and over 22 percent in the last week. The analyst further adds;

The USD pair has a major breakout retest and the BTC pair is on the verge of breaking a major downtrend. Layer-1 altcoins, gaming, are the two sectors that I can see besides meme coins. These two look the best.

Bullish expectations for the altcoin market

Bluntz also has high hopes for the altcoin market as a whole. Earlier this week, the analyst also predicted that the correction in Dogecoin (DOGE) will end soon. Bluntz shared a chart showing that DOGE could rise above $1 before its five-wave rally ends. The expert uses the following statements;

Considering that the altcoins are in a very good state, I believe that many of them will rise sharply this week as soon as BTC gets a bid, which I think is coming very soon. The current fourth wave of DOGE seems to have ended here. Dogecoin has been in a flat correction for two weeks and many got bored and started chasing the next best thing. But the DOGE parabola has only started, I don’t think there’s any profit-taking until a minimum of $1.

Bluntz applies the Elliott Wave principle, which suggests that a bullish asset tends to make five-wave swings before undergoing an ABC correction. According to the theory, the first, third, and fifth waves denote upward bursts, while the second and fourth waves indicate corrective periods. According to current data, DOGE is trading around $0.40 at the last check. The 7th-ranked cryptocurrency by market capitalization has risen about 4.5 percent in the last 24 hours.

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