A prominent crypto analyst, Bluntz, predicts a surge in Ethereum (ETH) rival NEAR Protocol (NEAR), indicating a possible rally above $10.50 based on technical analysis. Bluntz also highlights three Solana (SOL)-based altcoins as "the holy trinity," including Pyth Network (PYTH), Jito (JTO), and Jupiter (JUP), citing their strong performance and potential for growth.
Crypto Analyst Predicts Stellar Surge for Ethereum Rival NEAR Protocol
A seasoned crypto trader, known pseudonymously as Bluntz, has expressed bullish sentiments towards NEAR Protocol (NEAR), an Ethereum (ETH) challenger. Bluntz, who boasts over 250,000 followers on X, a social media platform, shared a technical analysis chart indicating NEAR's potential to surpass the $10.50 resistance level.
At the time of writing, NEAR is trading at $6.67, representing a nearly 7% gain over the past 24 hours. Its market capitalization ranks 23rd among cryptocurrencies.
Bluntz also highlighted three Solana (SOL)-based altcoins, referring to them as the "holy trinity": Pyth Network (PYTH), Jito (JTO), and Jupiter (JUP). He believes these projects possess strong technical indicators and promising upside potential.
PYTH, an oracle solution, is currently valued at $0.877, with a 24-hour gain of over 4%. JTO, a decentralized finance (DeFi) protocol, trades at $5.11, having surged by more than 19% in the past day. Finally, Jupiter, a decentralized exchange (DEX) aggregator, has climbed to $1.68, reflecting an impressive 11% growth over the past 24 hours.
Beyond individual token performance, Bluntz anticipates a broader market recovery. "We're gonna run it back so hard once enough of the degens get flushed out," he predicts, referring to the weak hands who tend to sell during downturns.
Bluntz's analysis is based on his assessment of market conditions and technical indicators. However, investors should exercise caution and conduct their own research before making investment decisions. The cryptocurrency market is known for its volatility, and past performance is not necessarily indicative of future results.
