A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets.<\/p>\n
Starting with the layer-one blockchain Near Protocol (NEAR<\/a>), the analyst pseudonymously known as Bluntz tells<\/a> his 251,200 subscribers on the social media platform X that the Ethereum (ETH<\/a>) rival could rise above $9.01, the 22-month high last reached a little over a week ago.<\/p>\n \u201cWill NEAR be the first Layer-1 in the top-50 (by market cap) back to fresh 2024 highs? I think the answer to that will be a resounding yes.\u201d<\/i><\/p>\n According to the analyst who regularly uses the Elliott Wave theory in his technical analysis, two five-wave patterns are playing out on the four-hour chart of NEAR. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.<\/p>\n Based on Bluntz\u2019s chart, one of the five-wave patterns could complete at above the $8.80 price while the second one could complete at around the $9.53 level.<\/p>\n NEAR is trading at $7.84 at time of writing.<\/p>\n Next up is Bitcoin (BTC<\/a>) and Ethereum. Bluntz says<\/a> that it is \u201clooking\u201d like the two largest crypto assets by market cap have formed price floors and are now destined to \u201cstart pushing higher again from here.\u201d<\/p>\n Based on Bluntz\u2019s charts, it appears that both Bitcoin and Ethereum have completed a three-wave corrective pattern to the downside on the 15-minute and one-hour timeframes, respectively.<\/p>\n Bitcoin is trading at $71,163 at time of writing while Ethereum is changing hands at $3,645.<\/p>\n Turning to Dogecoin (DOGE<\/a>), Bluntz says<\/a> that the largest memecoin by market cap has completed a three-wave corrective pattern on the 30-minute chart, suggesting the potential end of a downtrend.<\/p>\n \u201cStarting to think it might not give deeper pullback, definitely strong, no doubt about that.\u201d<\/i><\/p>\n DOGE is trading at $0.189 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets. Starting with the layer-one blockchain Near Protocol (NEAR), the analyst pseudonymously known as Bluntz tells his 251,200 subscribers on the social media platform X that the Ethereum (ETH) rival could rise above $9.01, the […]<\/p>\n","protected":false},"author":2,"featured_media":273190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-273189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/273189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=273189"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/273189\/revisions"}],"predecessor-version":[{"id":273192,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/273189\/revisions\/273192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/273190"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=273189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=273189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=273189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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